The world of cryptocurrency is evolving rapidly, and tools that simplify cross-border digital asset conversion are more essential than ever. One such powerful utility is the 1inch Network calculator, which enables users to instantly convert 1inch Network (1INCH) into Mongolian Tugrik (MNT) with real-time accuracy. Whether you're an investor tracking portfolio value or a trader planning your next move, understanding how 1INCH performs against MNT can provide valuable financial insights.
As of the latest update, 1 1INCH = 599.34 MNT. This rate reflects current market dynamics and is subject to change due to the volatile nature of crypto markets. Always verify live data before executing transactions.
Understanding the 1INCH to MNT Exchange Rate
The 1inch Network (1INCH) is a decentralized exchange (DEX) aggregator designed to offer users the best possible trading rates across multiple platforms by splitting orders and minimizing slippage. When converting 1INCH to MNT, it's important to understand not just the nominal rate but also the broader economic and technological context behind both currencies.
Currently:
- 1 1INCH = 599.34 MNT
- 1 MNT = 0.001669 1INCH
For practical use, here’s a quick reference:
- 5 1INCH = 2,996.7 MNT
- 50 MNT = 0.008343 1INCH
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This conversion does not include transaction fees, network gas costs, or platform-specific charges—factors you should account for when making actual trades.
Comprehensive Conversion Table: 1INCH to MNT
Below is a detailed breakdown of common conversion amounts for 1INCH to MNT:
| Amount in 1INCH | Equivalent in MNT |
|---|---|
| 1 | ₮599.34 |
| 5 | ₮2,996.70 |
| 10 | ₮5,993.40 |
| 50 | ₮29,967.02 |
| 100 | ₮59,934.05 |
| 500 | ₮299,670.25 |
| 1,000 | ₮599,340.50 |
| 5,000 | ₮2,996,702.49 |
| 10,000 | ₮5,993,404.97 |
This table helps traders and investors estimate values at scale without manual calculations.
Price Trends and Market Analysis
Recent Performance (Past 24 Hours)
Over the last day, the 1INCH/MNT pair has increased by +0.43%, showing slight bullish momentum. The price fluctuated between a low of 611.13 MNT and a high of 627.1 MNT within this period.
Weekly and Monthly Volatility
- 7-Day High: 657.54 MNT
- 7-Day Low: 537.57 MNT
- 30-Day High: 827.87 MNT
- 30-Day Low: 537.57 MNT
Despite minor gains recently, the overall trend has been bearish:
- 7-day change: -4.21%
- 30-day change: -19.73%
- 90-day change: -16.05%
This indicates significant downward pressure over the past month, possibly due to broader market sentiment or reduced liquidity in DEX-related tokens.
Market Statistics for 1INCH
To better assess the health and activity of the 1inch Network ecosystem:
- 24-Hour Trading Volume (MNT): ₮50,751,635,979.12
- Market Cap: ₮835,464,183,051.1
- Circulating Supply: 1,393,972,600 1INCH
A notable drop in trading volume—down 31.17% in the last 24 hours—suggests reduced market participation or consolidation ahead of potential breakout movements.
About Mongolian Tugrik (MNT)
The Mongolian Tugrik (MNT) is the official currency of Mongolia, symbolized as ₮. Introduced in 1925, it replaced earlier Chinese and Russian currencies used during Mongolia’s early independence phase.
Historical Significance
The introduction of the Tugrik was a key step toward asserting national sovereignty and establishing economic autonomy after years of foreign influence.
Design and Cultural Identity
Banknotes feature iconic figures like Genghis Khan and revolutionary leader Damdin Sükhbaatar, alongside traditional motifs reflecting Mongolia’s nomadic heritage. These designs serve not only as legal tender but also as cultural symbols reinforcing national pride.
Economic Role
Tugrik plays a vital role in Mongolia’s economy—dominated by mining (copper, coal), agriculture, and growing service sectors. It facilitates domestic trade from urban centers like Ulaanbaatar to rural herding communities.
Monetary Policy Challenges
Managed by the Bank of Mongolia, the Tugrik faces inflationary pressures during periods of economic instability. Maintaining exchange rate stability remains crucial for attracting foreign investment and supporting import/export balance.
Factors Influencing the 1INCH/MNT Exchange Rate
Several elements impact the value of this cross-rate:
- Global Crypto Sentiment: Broader trends in DeFi and Ethereum-based tokens affect 1INCH pricing.
- Liquidity on DEX Platforms: As a DEX aggregator token, 1INCH value correlates with trading volume across integrated protocols.
- Macroeconomic Conditions in Mongolia: Inflation rates, trade balances, and remittance inflows influence Tugrik strength.
- Regulatory Developments: Changes in crypto regulations in major markets indirectly affect smaller fiat pairs like MNT.
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Historical Price Milestones
- All-Time High (ATH): 1 INCH reached ₮26,730.89 MNT at its peak.
- Current Value vs ATH: Down approximately 97.7% from its highest recorded level.
- One-Year Change: A decline of -54.14%, indicating prolonged bearish conditions.
While today’s price is far below historical highs, many analysts believe renewed interest in decentralized finance could drive future appreciation.
Frequently Asked Questions (FAQ)
Q: What is the current price of 1 1INCH in MNT?
A: As of now, 1 1INCH equals 599.34 MNT based on real-time market data.
Q: Has the value of 1INCH increased or decreased against MNT recently?
A: Over the past 24 hours, the price rose by +0.43%, though it has declined by -4.21% over the past week.
Q: Can I directly buy 1INCH with Mongolian Tugrik?
A: Most platforms don’t support direct MNT purchases for 1INCH. You may need to first acquire USDT or another major stablecoin before trading into 1INCH.
Q: What was the highest price ever recorded for 1INCH against MNT?
A: The all-time high was 26,730.89 MNT per 1INCH, showing significant depreciation since then.
Q: Is the 1INCH/MNT pair highly volatile?
A: Yes, especially over medium to long-term periods. The past month saw nearly 30% price swing range, typical for crypto/fiat pairs involving emerging market currencies.
Q: How do I convert large amounts of 1INCH to MNT accurately?
A: Use a trusted real-time converter tool that pulls live data from major exchanges to ensure precision without manual errors.
Whether you're monitoring investments or planning international transfers, having access to accurate crypto-to-fiat conversion tools is essential in today’s digital economy.
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