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MNT to EUR - Mongolian Tugrik to Euro Converter

Convert Mongolian Tugrik to Euro with daily ECB exchange rates

1 MNT = ~0.000235 EUR (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

This currency pair is highly volatile. Always check live rates before transactions.

MNT experiences notable swings. Mental math is unreliable—always check live rates.

Rates can move several percent in a week. Use live converter for accuracy.

⚠️ Always verify before transfers📊 Track rate trends🔔 Set rate alerts

Common MNT - EUR Conversions

Forex Market Hours

Sydney
22:00 - 07:00 UTC
Active
Tokyo
00:00 - 09:00 UTC
Closed
London
08:00 - 17:00 UTC
Closed
New York
13:00 - 22:00 UTC
Closed

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

Inflation, BoM policy, and euro-area policy shape the rate. Trade balances, commodity cycles, and global risk sentiment also push EUR/MNT up or down.

Economic Context

Trading Relationship

Mongolia trades minerals and machinery with regions in Europe. EUR/MNT affects how imports and exports are priced, impacting margins for Mongolian producers and European buyers alike.

Key Rate Factors

  • •Mongolia's inflation and BoM policy
  • •European Central Bank monetary stance
  • •Mining sector price cycles and global demand
  • •Trade and remittance flows between Europe and Mongolia
  • •Global risk sentiment and safe-haven flows

Central Banks

Bank of Mongolia
Ulaanbaatar, Mongolia
Monitors inflation, issues currency, and steers monetary policy to stabilize prices and financial conditions.
European Central Bank
Frankfurt, Germany
Sets policy for the euro area to maintain price stability and guide liquidity for member banks.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates