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VARA to MNT Converter and calculator

VARA/MNT: 1 VARA = 22.62 MNT. The price of converting 1 Vara Network (VARA) to Mongolian Tugrik (MNT) is 22.62 MNT today.
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MNT
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides VARA to MNT real-time exchange rates, making it easy to convert Vara Network (VARA) to Mongolian Tugrik (MNT). The conversion result is based on real-time data. The conversion result shows that 1 VARA is currently valued at 22.62 MNT. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 VARA is currently valued at 22.62 MNT, which means buying 5 VARA would cost 113.09 MNT. Similarly, ₮1 MNT can be converted to 0.04421 VARA, and ₮50 MNT can be converted to 0.2211 VARA, excluding any platform or gas fees.

Convert VARA to MNT

Convert MNT to VARA

Vara Network
Mongolian Tugrik
50 VARA
1,130.88  MNT
100 VARA
2,261.76  MNT
200 VARA
4,523.53  MNT
500 VARA
11,308.82  MNT
1000 VARA
22,617.65  MNT
5000 VARA
113,088.24  MNT
10000 VARA
226,176.49  MNT
In the table above, you'll find a comprehensive VARA to MNT converter that shows the value of Vara Network in Mongolian Tugrik across commonly used conversion amounts. The list covers conversions from 1 VARA to MNT, all the way up to 10000 VARA, providing a clear view of their respective values.
Mongolian Tugrik
Vara Network
50000 MNT
2,210.66 VARA
100000 MNT
4,421.33 VARA
In the table above, you'll find a comprehensive MNT to VARA converter that shows the value of Mongolian Tugrik in Vara Network across commonly used conversion amounts. The list covers conversions from 1 MNT to VARA, all the way up to 100000 MNT, providing a clear view of their respective values.

VARA to MNT chart

VARA/MNT: 1 VARA = 22.62 MNT; 2025/04/29 18:41:14
In the past 1D, Vara Network has changed -1.18% to MNT. Based on the trend and price charts, Vara Network(VARA) has changed -1.18% to MNT while Mongolian Tugrik(MNT) has changed % to VARA in the last 24 hours.
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VARA to MNT conversion data: Volatility and price changes of Vara Network in MNT

The highest Vara Network price in MNT over the past 7 days was 30.41 MNT while the lowest Vara Network price in MNT over the past 7 days was 18.38 MNT. The relative change between the highs and lows in Vara Network price in MNT over the last 7 days indicates a volatility of %. You can view additional volatility data and VARA 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
23.33 MNT
30.41 MNT
30.41 MNT
90.46 MNT
Low
22.11 MNT
18.38 MNT
15.99 MNT
15.99 MNT
Average
0 MNT
0 MNT
0 MNT
0 MNT
Volatility
%
%
%
%
Change
-1.18%
+21.31%
-2.47%
-59.90%

Vara Network information

VARA to MNT market statistics

VARA/MNT:
₮22.62
VARA 24h volume:
₮979,482,807.4
VARA market cap:
₮63,219,656,333.97
VARA circulating supply:
2.80B VARA

Current VARA to MNT exchange rate

Vara Network to Mongolian Tugrik is rising this week.
Vara Network's current market price is ₮22.62 per VARA, with a total market cap of ₮63,219,656,333.97 MNT based on a circulating supply of 2,795,147,300 VARA. The trading volume of Vara Network has changed by -62.78% (₮-1,651,852,003.66 MNT) in the last 24 hours. Last trading day, VARA's trading volume was ₮2,631,334,811.06.

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

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How to convert VARA to MNT

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VARA to MNT Conversion tables

The exchange rate of Vara Network is decreasing.
The exchange rate of 1 VARA to Mongolian Tugrik has changed by +21.31% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.18%, reaching a high of 23.33 MNT and a low of 22.11 MNT . One month ago, the value of 1 VARA was ₮23.19 MNT , which represents a -2.47% change from its current value. Over the last year, Vara Network has changed by
-
297.99MNT
, resulting in a change of -92.94% in its value.
24 hours ago1 month ago1 year ago
Amount18:41 today24 hours ago24h change
0.5 VARA₮11.31₮11.44
-1.18%
1 VARA₮22.62₮22.89
-1.18%
5 VARA₮113.09₮114.43
-1.18%
10 VARA₮226.18₮228.87
-1.18%
50 VARA₮1,130.88₮1,144.35
-1.18%
100 VARA₮2,261.76₮2,288.69
-1.18%
500 VARA₮11,308.82₮11,443.47
-1.18%
1000 VARA₮22,617.65₮22,886.94
-1.18%

VARA to MNT FAQ

How much is 1 Vara Network in MNT?
Right now, the price of 1 Vara Network (VARA) in Mongolian Tugrik (MNT) is ₮22.62.
How much VARA can I buy for 1 MNT?
Based on the current exchange rate, you can get 0.04421 VARA for 1 MNT.
How do I calculate or convert VARA to MNT?
You can use our VARA to MNT calculator at the top of this page to convert any amount of VARA to MNT. We've also included quick-reference tables for the most popular conversions. For example, 5 MNT is equivalent to 0.2211 VARA, while 5 VARA will cost around 113.09MNT.
What is the highest price of VARA/MNT in history?
The all-time high price of 1 VARA in MNT is ₮663.6. It remains to be seen if the value of 1 VARA/MNT will exceed the current all-time high.
What is the price trend of Vara Network in MNT?
Over the past 7 days, the exchange rate of Vara Network (VARA) has gone up by 21.31%.   Over the last month, the exchange rate of Vara Network (VARA) has gone down by 2.47% against Mongolian Tugrik (MNT).

What factors influence the conversion rate of VARA to MNT?

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