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LABZ to MNT Converter and calculator

LABZ/MNT: 1 LABZ = 2.69 MNT. The price of converting 1 Insane Labz (LABZ) to Mongolian Tugrik (MNT) is 2.69 MNT today.
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LABZ
MNT
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides LABZ to MNT real-time exchange rates, making it easy to convert Insane Labz (LABZ) to Mongolian Tugrik (MNT). The conversion result is based on real-time data. The conversion result shows that 1 LABZ is currently valued at 2.69 MNT. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 LABZ is currently valued at 2.69 MNT, which means buying 5 LABZ would cost 13.45 MNT. Similarly, ₮1 MNT can be converted to 0.3719 LABZ, and ₮50 MNT can be converted to 1.86 LABZ, excluding any platform or gas fees.

Convert LABZ to MNT

Convert MNT to LABZ

Insane Labz
Mongolian Tugrik
500 LABZ
1,344.58  MNT
1000 LABZ
2,689.17  MNT
5000 LABZ
13,445.83  MNT
10000 LABZ
26,891.66  MNT
In the table above, you'll find a comprehensive LABZ to MNT converter that shows the value of Insane Labz in Mongolian Tugrik across commonly used conversion amounts. The list covers conversions from 1 LABZ to MNT, all the way up to 10000 LABZ, providing a clear view of their respective values.
Mongolian Tugrik
Insane Labz
10000 MNT
3,718.63 LABZ
50000 MNT
18,593.13 LABZ
100000 MNT
37,186.25 LABZ
In the table above, you'll find a comprehensive MNT to LABZ converter that shows the value of Mongolian Tugrik in Insane Labz across commonly used conversion amounts. The list covers conversions from 1 MNT to LABZ, all the way up to 100000 MNT, providing a clear view of their respective values.

LABZ to MNT chart

LABZ/MNT: 1 LABZ = 2.69 MNT; 2025/04/27 05:34:42
In the past 1D, Insane Labz has changed -0.52% to MNT. Based on the trend and price charts, Insane Labz(LABZ) has changed -0.52% to MNT while Mongolian Tugrik(MNT) has changed % to LABZ in the last 24 hours.
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LABZ to MNT conversion data: Volatility and price changes of Insane Labz in MNT

The highest Insane Labz price in MNT over the past 7 days was 2.75 MNT while the lowest Insane Labz price in MNT over the past 7 days was 2.44 MNT. The relative change between the highs and lows in Insane Labz price in MNT over the last 7 days indicates a volatility of %. You can view additional volatility data and LABZ to MNT prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
2.75 MNT
2.75 MNT
2.75 MNT
76.48 MNT
Low
2.66 MNT
2.44 MNT
1.9 MNT
1.87 MNT
Average
0 MNT
0 MNT
0 MNT
0 MNT
Volatility
%
%
%
%
Change
-0.52%
+8.49%
-1.81%
-96.43%

Insane Labz information

LABZ to MNT market statistics

LABZ/MNT:
₮2.69
LABZ 24h volume:
₮22,694,094.93
LABZ market cap:
₮133,460,589.1
LABZ circulating supply:
49.63M LABZ

Current LABZ to MNT exchange rate

Insane Labz to Mongolian Tugrik is rising this week.
Insane Labz's current market price is ₮2.69 per LABZ, with a total market cap of ₮133,460,589.1 MNT based on a circulating supply of 49,628,988 LABZ. The trading volume of Insane Labz has changed by -16.40% (₮-4,453,283.03 MNT) in the last 24 hours. Last trading day, LABZ's trading volume was ₮27,147,377.95.

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

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How to convert LABZ to MNT

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LABZ to MNT Conversion tables

The exchange rate of Insane Labz is decreasing.
The exchange rate of 1 LABZ to Mongolian Tugrik has changed by +8.49% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.52%, reaching a high of 2.75 MNT and a low of 2.66 MNT . One month ago, the value of 1 LABZ was ₮2.74 MNT , which represents a -1.81% change from its current value. Over the last year, Insane Labz has changed by
-
129.36MNT
, resulting in a change of -97.96% in its value.
24 hours ago1 month ago1 year ago
Amount05:34 am today24 hours ago24h change
0.5 LABZ₮1.34₮1.35
-0.52%
1 LABZ₮2.69₮2.7
-0.52%
5 LABZ₮13.45₮13.52
-0.52%
10 LABZ₮26.89₮27.03
-0.52%
50 LABZ₮134.46₮135.16
-0.52%
100 LABZ₮268.92₮270.33
-0.52%
500 LABZ₮1,344.58₮1,351.63
-0.52%
1000 LABZ₮2,689.17₮2,703.26
-0.52%

LABZ to MNT FAQ

How much is 1 Insane Labz in MNT?
Right now, the price of 1 Insane Labz (LABZ) in Mongolian Tugrik (MNT) is ₮2.69.
How much LABZ can I buy for 1 MNT?
Based on the current exchange rate, you can get 0.3719 LABZ for 1 MNT.
How do I calculate or convert LABZ to MNT?
You can use our LABZ to MNT calculator at the top of this page to convert any amount of LABZ to MNT. We've also included quick-reference tables for the most popular conversions. For example, 5 MNT is equivalent to 1.86 LABZ, while 5 LABZ will cost around 13.45MNT.
What is the highest price of LABZ/MNT in history?
The all-time high price of 1 LABZ in MNT is ₮1,137.82. It remains to be seen if the value of 1 LABZ/MNT will exceed the current all-time high.
What is the price trend of Insane Labz in MNT?
Over the past 7 days, the exchange rate of Insane Labz (LABZ) has gone up by 8.49%.   Over the last month, the exchange rate of Insane Labz (LABZ) has gone down by 1.81% against Mongolian Tugrik (MNT).

What factors influence the conversion rate of LABZ to MNT?

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

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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.