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base info Injective

Injective to Mongolian Tugrik Converter and calculator

Convert 1Injective (INJ) to Mongolian Tugrik (MNT) equals ₮ 88,440.73 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Injective(INJ) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 INJ at a value of 1 INJ for 88,440.73 MNT . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

MNT information

About Mongolian Tugrik (MNT)

The Mongolian Tugrik (MNT), introduced in 1925, is more than just the official currency of Mongolia; it represents the country's rich cultural heritage and its journey through economic transitions. It is commonly abbreviated as MNT and represented by the symbol ₮. As Mongolia navigated its path from a Soviet-style economy to a market-oriented system, the Tugrik has played a pivotal role in the nation's socio-economic development.

Historical Background

The introduction of the Tugrik was a significant step in Mongolia's early years as an independent nation, symbolizing its move away from the Chinese and Russian currencies that had previously circulated. The Tugrik's establishment was part of Mongolia's broader efforts to assert its national sovereignty and economic independence.

Design and Symbolism

The design of the Mongolian Tugrik reflects the country's deep historical roots and nomadic culture. Banknotes and coins feature images of historic Mongolian leaders like Genghis Khan and Damdin Sükhbaatar, along with traditional symbols and motifs that celebrate Mongolia's rich history and cultural identity. These designs are not merely for financial transactions; they are imbued with national pride.

Economic Role

The Tugrik plays a crucial role in Mongolia’s economy, characterized by its mining sector, agriculture, and growing service industry. As the primary medium of exchange, it facilitates domestic trade and is vital for everyday economic activities, from urban centers to rural nomadic communities.

Monetary Policy and Inflation

Managed by the Bank of Mongolia, the Tugrik has faced challenges like inflation and currency devaluation, particularly during times of economic uncertainty. The bank's monetary policies aim to stabilize the Tugrik, which is crucial for maintaining economic confidence and fostering investment.

International Trade and the Mongolian Tugrik

The Tugrik’s exchange rate plays a significant role in international trade, particularly for Mongolia's key exports like copper, coal, and cashmere. A stable Tugrik is important for maintaining competitive export prices and fostering a favorable trade balance.

Remittances and the Economy

Remittances from Mongolians working abroad, primarily in South Korea and Japan, are a vital source of foreign income. These remittances, converted into Tugriks, support many families and contribute to the national economy.

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Bitget crypto-to-fiat exchange data shows that the most popular Injective currency pair is the INJ to MNT, with for Injective's currency code being INJ. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

INJ to MNT conversion rate trend

1D7D1M3M1YAll
In the past 1D, Injective has changed +4.22% to MNT. Based on the trend and price charts, Injective(INJ) has changed +4.22% to MNT while Mongolian Tugrik(MNT) has changed % to INJ in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮88,249.62
0.0001% / 0.0004%vip-iconVIP
Binance
₮88,078.5
0.1000% / 0.1000%
Yes
OKX
₮88,337.25
0.080% / 0.100%
Yes
Huobi
₮87,875.64
0.1000% / 0.1000%
Yes
Gate.io
₮88,078.5
0.1000% / 0.1000%
Yes
Bybit
₮88,275.15
0.1000% / 0.1000%
Yes
KuCoin
₮88,033.65
0.1000% / 0.1000%
Yes
Bitfinex
₮83,058.75
0.1000% / 0.1000%
Yes
Last updated 2024/05/20 14:00:17(UTC+0)

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What factors influence the conversion rate of Injective to Mongolian Tugrik?

Injective to Mongolian Tugrik is rising this week.
Injective's current market price is ₮ 88,440.73 per INJ, with a total market cap of ₮ 8,260,363,616,327.31 MNT based on a circulating supply of 93,400,000 INJ. The trading volume of Injective has changed by +67.00% (₮ 118,818,844,734.49 MNT) in the last 24 hours. Last trading day, INJ's trading volume was ₮ 177,332,825,001.89.
Market cap
$2.39B
24h volume
$85.84M
Circulating supply
93.40M INJ

Conversion tables

The exchange rate of Injective is decreasing.
1 INJ is currently valued at ₮ 88,440.73 MNT , which means buying 5 INJ will cost ₮ 442,203.63 MNT . Similarly, ₮1 MNT can be traded for 0.{4}1131 INJ, and ₮50 MNT can be converted to 0.0005654 INJ, excluding any platform or gas fees.
The exchange rate of 1 INJ to Mongolian Tugrik has changed by +12.39% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.22%, reaching a high of 89,108.01 MNT and a low of 82,150.42 MNT . One month ago, the value of 1 INJ was ₮ 97,206.26 MNT , which represents a -9.00% change from its current value. Over the last year, Injective has changed by
+
29,966.17MNT
, resulting in a change of +266.72% in its value.

INJ to MNT

Amount
14:56 today
0.5 INJ
44,220.36
1 INJ
88,440.73
5 INJ
442,203.63
10 INJ
884,407.26
50 INJ
4,422,036.29
100 INJ
8,844,072.59
500 INJ
44,220,362.93
1000 INJ
88,440,725.85

MNT to INJ

Amount14:56 today
0.5MNT0.{5}5654  INJ
1MNT0.{4}1131  INJ
5MNT0.{4}5654  INJ
10MNT0.0001131  INJ
50MNT0.0005654  INJ
100MNT0.001131  INJ
500MNT0.005654  INJ
1000MNT0.01131  INJ
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Today vs. 24 hours ago

Amount14:56 today24 hours ago24h change
0.5 INJ$12.82$12.3
+4.22%
1 INJ$25.63$24.59
+4.22%
5 INJ$128.17$122.97
+4.22%
10 INJ$256.35$245.94
+4.22%
50 INJ$1,281.75$1,229.68
+4.22%
100 INJ$2,563.5$2,459.35
+4.22%
500 INJ$12,817.5$12,296.76
+4.22%
1000 INJ$25,634.99$24,593.53
+4.22%

Today vs. 1 month ago

Amount14:56 today1 month ago1M change
0.5 INJ$12.82$14.09
-9.00%
1 INJ$25.63$28.18
-9.00%
5 INJ$128.17$140.88
-9.00%
10 INJ$256.35$281.76
-9.00%
50 INJ$1,281.75$1,408.79
-9.00%
100 INJ$2,563.5$2,817.57
-9.00%
500 INJ$12,817.5$14,087.86
-9.00%
1000 INJ$25,634.99$28,175.73
-9.00%
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Today vs. 1 year ago

Amount14:56 today1 year ago1Y change
0.5 INJ$12.82$3.47
+266.72%
1 INJ$25.63$6.95
+266.72%
5 INJ$128.17$34.75
+266.72%
10 INJ$256.35$69.49
+266.72%
50 INJ$1,281.75$347.46
+266.72%
100 INJ$2,563.5$694.91
+266.72%
500 INJ$12,817.5$3,474.57
+266.72%
1000 INJ$25,634.99$6,949.15
+266.72%

Injective price prediction

What will the price of INJ be in 2025?

Based on INJ's historical price performance prediction model, the price of INJ is projected to reach $30.24 in 2025.

What will the price of INJ be in 2030?

In 2030, the INJ price is expected to rise by +4.00%. By the end of 2030, the INJ price is projected to reach $57.66, with a cumulative ROI of +124.94%.
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FAQ

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