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SHFT to MNT Converter and calculator

SHFT/MNT: 1 SHFT = 1.24 MNT. The price of converting 1 Shyft Network (SHFT) to Mongolian Tugrik (MNT) is 1.24 MNT today.
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SHFT
MNT
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SHFT to MNT real-time exchange rates, making it easy to convert Shyft Network (SHFT) to Mongolian Tugrik (MNT). The conversion result is based on real-time data. The conversion result shows that 1 SHFT is currently valued at 1.24 MNT. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SHFT is currently valued at 1.24 MNT, which means buying 5 SHFT would cost 6.18 MNT. Similarly, ₮1 MNT can be converted to 0.8094 SHFT, and ₮50 MNT can be converted to 4.05 SHFT, excluding any platform or gas fees.

Convert SHFT to MNT

Convert MNT to SHFT

Shyft Network
Mongolian Tugrik
1000 SHFT
1,235.48  MNT
5000 SHFT
6,177.42  MNT
10000 SHFT
12,354.85  MNT
In the table above, you'll find a comprehensive SHFT to MNT converter that shows the value of Shyft Network in Mongolian Tugrik across commonly used conversion amounts. The list covers conversions from 1 SHFT to MNT, all the way up to 10000 SHFT, providing a clear view of their respective values.
Mongolian Tugrik
Shyft Network
10000 MNT
8,093.99 SHFT
50000 MNT
40,469.95 SHFT
100000 MNT
80,939.9 SHFT
In the table above, you'll find a comprehensive MNT to SHFT converter that shows the value of Mongolian Tugrik in Shyft Network across commonly used conversion amounts. The list covers conversions from 1 MNT to SHFT, all the way up to 100000 MNT, providing a clear view of their respective values.

SHFT to MNT chart

SHFT/MNT: 1 SHFT = 1.24 MNT; 2025/04/27 07:28:16
In the past 1D, Shyft Network has changed -4.83% to MNT. Based on the trend and price charts, Shyft Network(SHFT) has changed -4.83% to MNT while Mongolian Tugrik(MNT) has changed % to SHFT in the last 24 hours.
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SHFT to MNT conversion data: Volatility and price changes of Shyft Network in MNT

The highest Shyft Network price in MNT over the past 7 days was 1.57 MNT while the lowest Shyft Network price in MNT over the past 7 days was 0.9942 MNT. The relative change between the highs and lows in Shyft Network price in MNT over the last 7 days indicates a volatility of %. You can view additional volatility data and SHFT to MNT prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
1.34 MNT
1.57 MNT
1.57 MNT
2.63 MNT
Low
1.16 MNT
0.9942 MNT
0.7421 MNT
0.7421 MNT
Average
0 MNT
0 MNT
0 MNT
0 MNT
Volatility
%
%
%
%
Change
-4.83%
+24.86%
+40.62%
-47.16%

Shyft Network information

SHFT to MNT market statistics

SHFT/MNT:
₮1.24
SHFT 24h volume:
₮62,795,218.43
SHFT market cap:
₮2,749,769,924.27
SHFT circulating supply:
2.23B SHFT

Current SHFT to MNT exchange rate

Shyft Network to Mongolian Tugrik is rising this week.
Shyft Network's current market price is ₮1.24 per SHFT, with a total market cap of ₮2,749,769,924.27 MNT based on a circulating supply of 2,225,661,000 SHFT. The trading volume of Shyft Network has changed by +7.59% (₮4,429,600.23 MNT) in the last 24 hours. Last trading day, SHFT's trading volume was ₮58,365,618.2.

More info about Shyft Network on Bitget

Mongolian Tugrik 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.

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

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How to convert SHFT to MNT

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SHFT to MNT Conversion tables

The exchange rate of Shyft Network is increasing.
The exchange rate of 1 SHFT to Mongolian Tugrik has changed by +24.86% in the last 7 days. In the last 24 hours, the rate has fluctuated by -4.83%, reaching a high of 1.34 MNT and a low of 1.16 MNT . One month ago, the value of 1 SHFT was ₮0.8789 MNT , which represents a +40.62% change from its current value. Over the last year, Shyft Network has changed by
-
24.33MNT
, resulting in a change of -95.17% in its value.
24 hours ago1 month ago1 year ago
Amount07:28 am today24 hours ago24h change
0.5 SHFT₮0.6177₮0.6491
-4.83%
1 SHFT₮1.24₮1.3
-4.83%
5 SHFT₮6.18₮6.49
-4.83%
10 SHFT₮12.35₮12.98
-4.83%
50 SHFT₮61.77₮64.91
-4.83%
100 SHFT₮123.55₮129.82
-4.83%
500 SHFT₮617.74₮649.1
-4.83%
1000 SHFT₮1,235.48₮1,298.19
-4.83%

SHFT to MNT FAQ

How much is 1 Shyft Network in MNT?
Right now, the price of 1 Shyft Network (SHFT) in Mongolian Tugrik (MNT) is ₮1.24.
How much SHFT can I buy for 1 MNT?
Based on the current exchange rate, you can get 0.8094 SHFT for 1 MNT.
How do I calculate or convert SHFT to MNT?
You can use our SHFT to MNT calculator at the top of this page to convert any amount of SHFT to MNT. We've also included quick-reference tables for the most popular conversions. For example, 5 MNT is equivalent to 4.05 SHFT, while 5 SHFT will cost around 6.18MNT.
What is the highest price of SHFT/MNT in history?
The all-time high price of 1 SHFT in MNT is ₮21,745.13. It remains to be seen if the value of 1 SHFT/MNT will exceed the current all-time high.
What is the price trend of Shyft Network in MNT?
Over the past 7 days, the exchange rate of Shyft Network (SHFT) has gone up by 24.86%.   Over the last month, the exchange rate of Shyft Network (SHFT) has gone up by 40.62% against Mongolian Tugrik (MNT).

What factors influence the conversion rate of SHFT to MNT?

There are many factors that affect the relationship between Shyft Network and Mongolian Tugrik, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of SHFT/MNT. When there is positive news in the market about the widespread adoption of SHFT or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SHFT/MNT. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SHFT/MNT.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of SHFT/MNT. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Shyft Network and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.