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base info Shield Protocol

Shield Protocol to Mongolian Tugrik Converter and calculator

Convert 1Shield Protocol (SHIELD) to Mongolian Tugrik (MNT) equals ₮ 314.25 | 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 Shield Protocol(SHIELD) to Mongolian Tugrik(MNT). This is the real-time data. The current conversion shows 1 SHIELD at a value of 1 SHIELD for 314.25 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 Shield Protocol currency pair is the SHIELD to MNT, with for Shield Protocol's currency code being SHIELD. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MNT.

SHIELD to MNT conversion rate trend

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In the past 1D, Shield Protocol has changed -6.66% to MNT. Based on the trend and price charts, Shield Protocol(SHIELD) has changed -6.66% to MNT while Mongolian Tugrik(MNT) has changed % to SHIELD in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₮314.25
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2024/11/19 00:31:47(UTC+0)

How to buy Shield Protocol

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Buy Shield Protocol (SHIELD)
Use a variety of payment options to buy Shield Protocol on Bitget. We'll show you how.

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

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

Bitget P2P trading currently does not support direct selling of SHIELD to MNT. However, you can first exchange SHIELD 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
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What factors influence the conversion rate of Shield Protocol to Mongolian Tugrik?

Shield Protocol to Mongolian Tugrik is falling this week.
Shield Protocol's current market price is ₮ 314.25 per SHIELD, with a total market cap of ₮ 76,834,506.29 MNT based on a circulating supply of 244,498.78 SHIELD. The trading volume of Shield Protocol has changed by +782.32% (₮ 3,996,138.5 MNT) in the last 24 hours. Last trading day, SHIELD's trading volume was ₮ 510,804.43.
Market cap
$22.61K
24h volume
$1.33K
Circulating supply
244.50K SHIELD

Conversion tables

The exchange rate of Shield Protocol is increasing.
1 SHIELD is currently valued at ₮ 314.25 MNT , which means buying 5 SHIELD will cost ₮ 1,571.27 MNT . Similarly, ₮1 MNT can be traded for 0.003182 SHIELD, and ₮50 MNT can be converted to 0.1591 SHIELD, excluding any platform or gas fees.
The exchange rate of 1 SHIELD to Mongolian Tugrik has changed by -16.05% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.66%, reaching a high of 336.68 MNT and a low of 313.51 MNT . One month ago, the value of 1 SHIELD was ₮ 168.35 MNT , which represents a +86.66% change from its current value. Over the last year, Shield Protocol has changed by
-
980.65MNT
, resulting in a change of -75.73% in its value.

SHIELD to MNT

Amount
05:14 am today
0.5 SHIELD
157.13
1 SHIELD
314.25
5 SHIELD
1,571.27
10 SHIELD
3,142.53
50 SHIELD
15,712.66
100 SHIELD
31,425.31
500 SHIELD
157,126.56
1000 SHIELD
314,253.12

MNT to SHIELD

Amount05:14 am today
0.5MNT0.001591  SHIELD
1MNT0.003182  SHIELD
5MNT0.01591  SHIELD
10MNT0.03182  SHIELD
50MNT0.1591  SHIELD
100MNT0.3182  SHIELD
500MNT1.59  SHIELD
1000MNT3.18  SHIELD

Today vs. 24 hours ago

Amount05:14 am today24 hours ago24h change
0.5 SHIELD$0.04624$0.04954
-6.66%
1 SHIELD$0.09248$0.09908
-6.66%
5 SHIELD$0.4624$0.4954
-6.66%
10 SHIELD$0.9248$0.9908
-6.66%
50 SHIELD$4.62$4.95
-6.66%
100 SHIELD$9.25$9.91
-6.66%
500 SHIELD$46.24$49.54
-6.66%
1000 SHIELD$92.48$99.08
-6.66%

Today vs. 1 month ago

Amount05:14 am today1 month ago1M change
0.5 SHIELD$0.04624$0.02477
+86.66%
1 SHIELD$0.09248$0.04955
+86.66%
5 SHIELD$0.4624$0.2477
+86.66%
10 SHIELD$0.9248$0.4955
+86.66%
50 SHIELD$4.62$2.48
+86.66%
100 SHIELD$9.25$4.95
+86.66%
500 SHIELD$46.24$24.77
+86.66%
1000 SHIELD$92.48$49.55
+86.66%

Today vs. 1 year ago

Amount05:14 am today1 year ago1Y change
0.5 SHIELD$0.04624$0.1905
-75.73%
1 SHIELD$0.09248$0.3811
-75.73%
5 SHIELD$0.4624$1.91
-75.73%
10 SHIELD$0.9248$3.81
-75.73%
50 SHIELD$4.62$19.05
-75.73%
100 SHIELD$9.25$38.11
-75.73%
500 SHIELD$46.24$190.54
-75.73%
1000 SHIELD$92.48$381.08
-75.73%

Shield Protocol price prediction

What will the price of SHIELD be in 2025?

Based on SHIELD's historical price performance prediction model, the price of SHIELD is projected to reach $0.1639 in 2025.

What will the price of SHIELD be in 2030?

In 2030, the SHIELD price is expected to change by +8.00%. By the end of 2030, the SHIELD price is projected to reach $0.2024, with a cumulative ROI of +118.80%.

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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 Shield Protocol 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 Shield Protocol 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 Shield Protocol 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.