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VELVET to MNT Converter and calculator

VELVET/MNT: 1 VELVET = 208.44 MNT. The price of converting 1 Velvet (VELVET) to Mongolian Tugrik (MNT) is 208.44 MNT today.
VELVET
VELVET
MNT
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides VELVET to MNT real-time exchange rates, making it easy to convert Velvet (VELVET) to Mongolian Tugrik (MNT). The conversion result is based on real-time data. The conversion result shows that 1 VELVET is currently valued at 208.44 MNT. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 VELVET is currently valued at 208.44 MNT, which means buying 5 VELVET would cost 1,042.2 MNT. Similarly, ₮1 MNT can be converted to 0.004798 VELVET, and ₮50 MNT can be converted to 0.02399 VELVET, excluding any platform or gas fees.

Convert VELVET to MNT

Convert MNT to VELVET

Velvet
Mongolian Tugrik
1 VELVET
208.44  MNT
Exchange 1 VELVET for 208.44 MNT
2 VELVET
416.88  MNT
Exchange 2 VELVET for 416.88 MNT
5 VELVET
1,042.2  MNT
Exchange 5 VELVET for 1,042.2 MNT
10 VELVET
2,084.39  MNT
Exchange 10 VELVET for 2,084.39 MNT
20 VELVET
4,168.78  MNT
Exchange 20 VELVET for 4,168.78 MNT
50 VELVET
10,421.96  MNT
Exchange 50 VELVET for 10,421.96 MNT
100 VELVET
20,843.92  MNT
Exchange 100 VELVET for 20,843.92 MNT
200 VELVET
41,687.85  MNT
Exchange 200 VELVET for 41,687.85 MNT
500 VELVET
104,219.62  MNT
Exchange 500 VELVET for 104,219.62 MNT
1000 VELVET
208,439.23  MNT
Exchange 1000 VELVET for 208,439.23 MNT
5000 VELVET
1,042,196.16  MNT
Exchange 5000 VELVET for 1,042,196.16 MNT
10000 VELVET
2,084,392.33  MNT
Exchange 10000 VELVET for 2,084,392.33 MNT
In the table above, you'll find a comprehensive VELVET to MNT converter that shows the value of Velvet in Mongolian Tugrik across commonly used conversion amounts. The list covers conversions from 1 VELVET to MNT, all the way up to 10000 VELVET, providing a clear view of their respective values.
Mongolian Tugrik
Velvet
1 MNT
0.004798 VELVET
Exchange 1 MNT for 0.004798 VELVET
10 MNT
0.04798 VELVET
Exchange 10 MNT for 0.04798 VELVET
50 MNT
0.2399 VELVET
Exchange 50 MNT for 0.2399 VELVET
100 MNT
0.4798 VELVET
Exchange 100 MNT for 0.4798 VELVET
200 MNT
0.9595 VELVET
Exchange 200 MNT for 0.9595 VELVET
500 MNT
2.4 VELVET
Exchange 500 MNT for 2.4 VELVET
1000 MNT
4.8 VELVET
Exchange 1000 MNT for 4.8 VELVET
2000 MNT
9.6 VELVET
Exchange 2000 MNT for 9.6 VELVET
5000 MNT
23.99 VELVET
Exchange 5000 MNT for 23.99 VELVET
10000 MNT
47.98 VELVET
Exchange 10000 MNT for 47.98 VELVET
50000 MNT
239.88 VELVET
Exchange 50000 MNT for 239.88 VELVET
100000 MNT
479.76 VELVET
Exchange 100000 MNT for 479.76 VELVET
In the table above, you'll find a comprehensive MNT to VELVET converter that shows the value of Mongolian Tugrik in Velvet across commonly used conversion amounts. The list covers conversions from 1 MNT to VELVET, all the way up to 100000 MNT, providing a clear view of their respective values.

VELVET to MNT chart

VELVET/MNT: 1 VELVET = 208.44 MNT; 2025/07/16 04:46:02
In the past 1D, Velvet has changed +13.27% to MNT. Based on the trend and price charts, Velvet(VELVET) has changed +13.27% to MNT while Mongolian Tugrik(MNT) has changed % to VELVET in the last 24 hours.
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VELVET to MNT conversion data: Volatility and price changes of Velvet in MNT

The highest Velvet price in MNT over the past 7 days was 297.15 MNT while the lowest Velvet price in MNT over the past 7 days was 108.96 MNT. The relative change between the highs and lows in Velvet price in MNT over the last 7 days indicates a volatility of %. You can view additional volatility data and VELVET to MNT prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
297.15 MNT
297.15 MNT
297.15 MNT
297.15 MNT
Low
178.62 MNT
108.96 MNT
108.96 MNT
108.96 MNT
Average
0 MNT
0 MNT
0 MNT
0 MNT
Volatility
%
%
%
%
Change
+13.27%
-4.84%
+16.51%
-10.99%

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Velvet information

VELVET to MNT market statistics

VELVET/MNT:
₮208.44
VELVET 24h volume:
₮129,579,818,326.3
VELVET market cap:
₮51,748,513,464.53
VELVET circulating supply:
248.27M VELVET

Current VELVET to MNT exchange rate

Velvet to Mongolian Tugrik is rising this week.
Velvet's current market price is ₮208.44 per VELVET, with a total market cap of ₮51,748,513,464.53 MNT based on a circulating supply of 248,266,670 VELVET. The trading volume of Velvet has changed by -0.99% (₮-1,293,684,576.19 MNT) in the last 24 hours. Last trading day, VELVET's trading volume was ₮130,873,502,902.49.

More info about Velvet 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 Velvet currency pair is the VELVET to MNT, with for Velvet's currency code being VELVET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

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How to convert VELVET to MNT

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VELVET to MNT Conversion tables

The exchange rate of Velvet is increasing.
The exchange rate of 1 VELVET to Mongolian Tugrik has changed by -4.84% in the last 7 days. In the last 24 hours, the rate has fluctuated by +13.27%, reaching a high of 297.15 MNT and a low of 178.62 MNT . One month ago, the value of 1 VELVET was ₮0.07523 MNT , which represents a +16.51% change from its current value. Over the last year, Velvet has changed by
+
208.36MNT
, resulting in a change of +65.05% in its value.
24 hours ago1 month ago1 year ago
Amount 04:46 am today 24 hours ago 24h change
0.5 VELVET
₮104.22₮92.01
+13.27%
1 VELVET
₮208.44₮184.03
+13.27%
5 VELVET
₮1,042.2₮920.13
+13.27%
10 VELVET
₮2,084.39₮1,840.25
+13.27%
50 VELVET
₮10,421.96₮9,201.25
+13.27%
100 VELVET
₮20,843.92₮18,402.5
+13.27%
500 VELVET
₮104,219.62₮92,012.52
+13.27%
1000 VELVET
₮208,439.23₮184,025.03
+13.27%

VELVET to MNT FAQ

How much is 1 Velvet in MNT?
Right now, the price of 1 Velvet (VELVET) in Mongolian Tugrik (MNT) is ₮208.44.
How much VELVET can I buy for 1 MNT?
Based on the current exchange rate, you can get 0.004798 VELVET for 1 MNT.
How do I calculate or convert VELVET to MNT?
You can use our VELVET to MNT calculator at the top of this page to convert any amount of VELVET to MNT. We've also included quick-reference tables for the most popular conversions. For example, 5 MNT is equivalent to 0.02399 VELVET, while 5 VELVET will cost around 1,042.2MNT.
What is the highest price of VELVET/MNT in history?
The all-time high price of 1 VELVET in MNT is ₮297.15. It remains to be seen if the value of 1 VELVET/MNT will exceed the current all-time high.
What is the price trend of Velvet in MNT?
Over the past 7 days, the exchange rate of Velvet (VELVET) has gone down by 4.84%.   Over the last month, the exchange rate of Velvet (VELVET) has gone up by 16.51% against Mongolian Tugrik (MNT).

What factors influence the conversion rate of VELVET to MNT?

There are many factors that affect the relationship between Velvet 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 VELVET/MNT. When there is positive news in the market about the widespread adoption of VELVET or major technological breakthroughs, it tends to trigger market optimism and drive the rise of VELVET/MNT. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in VELVET/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 VELVET/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 Velvet and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Velvet currency pairs: VELVET to US Dollar (USD), VELVET to Euro (EUR), VELVET to Pound Sterling (GBP), VELVET to Canadian Dollar (CAD), VELVET to Indian Rupee (INR), VELVET to Pakistani Rupee (PKR), VELVET to Brazilian Real (BRL), VELVET to…
The price of Velvet in the US is $0.06134 USD. Additionally, Velvet’s price is €0.05281 EUR in the eurozone, £0.04580 GBP in the UK, C$0.08414 CAD in Canada, ₹5.27 INR in India, ₨17.47 PKR in Pakistan, R$0.3409 BRL in Brazil, and more.
The most popular Velvet currency pair is the VELVET to Mongolian Tugrik(MNT). The price of 1 Velvet (VELVET) in Mongolian Tugrik (MNT) is ₮208.44.

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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.