MNT 5 = EUR 0.0012
Convert1 MNT = 0.00024 EUR | 1 EUR = 4166.66667 MNT
Last Updated Apr 22, 5:30 ISTOur converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.
MNT to EUR Exchange Rate Chart
1 MNT = 0.00024 EUR
The exchange value of 5 MNT in Euro is 0.001 EUR as on Apr 22.
You can check the exchange rate of 5 Mongolian Tugrik to Euro by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 5 MNT to EUR online is as follows:.
There are several online ways to convert MNT to EUR.
Most banks in India allow MNT to EUR conversion through their internet banking or mobile apps.
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Apps like Wise, PayPal, and Western Union allow MNT to EUR conversion quickly.
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A Forex card is a prepaid card that holds multiple currencies, including MNT.
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Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.
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There are several offline methods to exchange MNT to EUR. Let‘s explore them.
1. Banks
Banks offer currency exchange services at competitive rates. You need to visit a branch with your MNT cash and exchange it for EUR.
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Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline MNT to EUR conversion.
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Airports have forex counters where travelers can exchange MNT to EUR.
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Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange MNT to EUR at a Hotel or Travel Agency:
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In busy markets and tourist spots, you may find local money changers who exchange MNT for EUR
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Most offline exchanges require identity proof. Here are the common documents needed:
Document Type | Required For |
---|---|
Passport | All exchanges (mandatory for foreigners) |
Always carry a valid ID when exchanging currency.
Method | Exchange Rate | Transfer Fee | Availability | Speed |
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Bank Transfer | Low | Low | Limited hours | 1-3 days |
Any Third Party App | High | Low | 24/7 | Instant/Few minutes |
Forex Card | Medium | Low | 24/7 | Instant |
Crypto Exchange | High | Low | 24/7 | Few minutes |
Exchange Centers | Good | Medium | Widely available | Few minutes |
Airport Counters | High | High | 24/7 at airports | Few minutes |
Hotels/Agencies | Very High | Medium | Only for guests | Few minutes |
Local Money Changers | Varies | Low | Risky but quick | Few minutes |
Converting Mongolian Tugrik (MNT) to Euro (EUR) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:
MNT is a strong and widely traded currency. If the exchange rate is favorable, converting MNT to EUR can give you more value for your money.
Since 1 MNT equals a significantly higher amount in EUR, converting MNT to EUR increases your purchasing power, allowing you to afford more goods and services in Euro Member Countries.
If you‘re an NRI, tourist, or returning from the Mongolia, converting MNT to EUR ensures you have local currency for daily expenses, shopping, and travel within Euro Member Countries.
Converting MNT to EUR can help you invest in Euro Member Countries assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Mongolia markets.
Using a direct MNT to EUR conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.
For businesses involved in international trade, converting MNT to EUR at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.
By choosing the right conversion method and timing, you can maximize the benefits of MNT to EUR exchange.
Source of the rates:apilayer.com