Convert Saint Helena Pound to Mongolian Tugrik
Please provide values below to convert Saint Helena Pound [SHP] to Mongolian Tugrik [MNT], or Convert Mongolian Tugrik to Saint Helena Pound.
How to Convert Saint Helena Pound to Mongolian Tugrik
1 SHP = 0.000208551143400025 MNT
Example: convert 15 SHP to MNT:
15 SHP = 15 × 0.000208551143400025 MNT = 0.00312826715100038 MNT
Saint Helena Pound to Mongolian Tugrik Conversion Table
| Saint Helena Pound | Mongolian Tugrik |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
Mongolian Tugrik
The Mongolian Tugrik (MNT) is the official currency of Mongolia, used for all monetary transactions within the country.
History/Origin
Introduced in 1925, the Tugrik has undergone various reforms and redenominations, especially after Mongolia's independence from China and during the transition from a socialist economy to a market economy.
Current Use
Today, the Tugrik is widely used in Mongolia for everyday transactions, with banknotes and coins circulating throughout the country. It is also traded in foreign exchange markets.