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Retik Finance to Mongolian Tugrik Converter and calculator

Convert 1Retik Finance (RETIK) to Mongolian Tugrik (MNT) equals ₮ 7.59 | 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 Retik Finance(RETIK) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 RETIK at a value of 1 RETIK for 7.59 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 Retik Finance currency pair is the RETIK to MNT, with for Retik Finance's currency code being RETIK. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

RETIK to MNT conversion rate trend

1D7D1M3M1YAll
In the past 1D, Retik Finance has changed -8.41% to MNT. Based on the trend and price charts, Retik Finance(RETIK) has changed -8.41% to MNT while Mongolian Tugrik(MNT) has changed % to RETIK in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮8.62
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/12/23 08:32:21(UTC+0)

How to buy Retik Finance

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Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
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Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
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Buy Retik Finance (RETIK)
Use a variety of payment options to buy Retik Finance on Bitget. We'll show you how.

Buy RETIK (or USDT) for MNT (Mongolian Tugrik) offers

Bitget P2P trading does not currently support direct buying of RETIK with MNT. However, you can buy USDT in Bitget P2P trading first, and then buy RETIK with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell RETIK (or USDT) for MNT (Mongolian Tugrik) offers

Bitget P2P trading currently does not support direct selling of RETIK to MNT. However, you can first exchange RETIK for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
No matching ads found.

What factors influence the conversion rate of Retik Finance to Mongolian Tugrik?

Retik Finance to Mongolian Tugrik is falling this week.
Retik Finance's current market price is ₮ 7.59 per RETIK, with a total market cap of ₮ 0 MNT based on a circulating supply of -- RETIK. The trading volume of Retik Finance has changed by +0.88% (₮ 2,255,891.97 MNT) in the last 24 hours. Last trading day, RETIK's trading volume was ₮ 256,643,000.1.
Market cap
$0
24h volume
$76.19K
Circulating supply
0 RETIK

Conversion tables

The exchange rate of Retik Finance is decreasing.
1 RETIK is currently valued at ₮ 7.59 MNT , which means buying 5 RETIK will cost ₮ 37.94 MNT . Similarly, ₮1 MNT can be traded for 0.1318 RETIK, and ₮50 MNT can be converted to 6.59 RETIK, excluding any platform or gas fees.
The exchange rate of 1 RETIK to Mongolian Tugrik has changed by -7.11% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.41%, reaching a high of 8.79 MNT and a low of 7.47 MNT . One month ago, the value of 1 RETIK was ₮ 8.08 MNT , which represents a -6.04% change from its current value. Over the last year, Retik Finance has changed by
-
6,308.3MNT
, resulting in a change of -99.88% in its value.

RETIK to MNT

Amount
14:47 today
0.5 RETIK
3.79
1 RETIK
7.59
5 RETIK
37.94
10 RETIK
75.88
50 RETIK
379.39
100 RETIK
758.78
500 RETIK
3,793.9
1000 RETIK
7,587.8

MNT to RETIK

Amount14:47 today
0.5MNT0.06590  RETIK
1MNT0.1318  RETIK
5MNT0.6590  RETIK
10MNT1.32  RETIK
50MNT6.59  RETIK
100MNT13.18  RETIK
500MNT65.9  RETIK
1000MNT131.79  RETIK

Today vs. 24 hours ago

Amount14:47 today24 hours ago24h change
0.5 RETIK$0.001117$0.001219
-8.41%
1 RETIK$0.002233$0.002438
-8.41%
5 RETIK$0.01117$0.01219
-8.41%
10 RETIK$0.02233$0.02438
-8.41%
50 RETIK$0.1117$0.1219
-8.41%
100 RETIK$0.2233$0.2438
-8.41%
500 RETIK$1.12$1.22
-8.41%
1000 RETIK$2.23$2.44
-8.41%

Today vs. 1 month ago

Amount14:47 today1 month ago1M change
0.5 RETIK$0.001117$0.001188
-6.04%
1 RETIK$0.002233$0.002376
-6.04%
5 RETIK$0.01117$0.01188
-6.04%
10 RETIK$0.02233$0.02376
-6.04%
50 RETIK$0.1117$0.1188
-6.04%
100 RETIK$0.2233$0.2376
-6.04%
500 RETIK$1.12$1.19
-6.04%
1000 RETIK$2.23$2.38
-6.04%

Today vs. 1 year ago

Amount14:47 today1 year ago1Y change
0.5 RETIK$0.001117$0.9294
-99.88%
1 RETIK$0.002233$1.86
-99.88%
5 RETIK$0.01117$9.29
-99.88%
10 RETIK$0.02233$18.59
-99.88%
50 RETIK$0.1117$92.94
-99.88%
100 RETIK$0.2233$185.87
-99.88%
500 RETIK$1.12$929.35
-99.88%
1000 RETIK$2.23$1,858.71
-99.88%

Retik Finance price prediction

What will the price of RETIK be in 2025?

Based on RETIK's historical price performance prediction model, the price of RETIK is projected to reach $0.3558 in 2025.

What will the price of RETIK be in 2030?

In 2030, the RETIK price is expected to change by -2.00%. By the end of 2030, the RETIK price is projected to reach $0.7698, with a cumulative ROI of +31030.84%.

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FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Retik Finance and MNT.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Retik Finance and MNT. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

If you want to know the value of Retik Finance in MNT, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.