1 MNT to KRW - Convert Mongolian Tugrik to South Korean Won

Looking at the 30-day window, the MNT/KRW pair traded in a range of 0.417900 to 0.440900. The monthly average was 0.429566 with 1.55% volatility. The relatively low volatility indicates stable trading conditions for the MNT/KRW currency pair.

The current mid-market exchange rate is 1 MNT = 0.430669 KRW, updated as of July 3, 2026, 6:16 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Mongolian Tugrik to South Korean Won Exchange Rate

The MNT/KRW exchange rate tells you how many South Korean Won (KRW) you receive for every Mongolian Tugrik (MNT). At the current mid-market rate of 1 MNT = 0.430669 KRW, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

Understanding the MNT/KRW Conversion

Converting Mongolian Tugrik to South Korean Won involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

Historical MNT/KRW Trends

The MNT/KRW exchange rate has fluctuated over time in response to economic cycles, policy changes, and global events. Reviewing historical charts helps identify whether the current rate is relatively favorable or unfavorable compared to recent averages. The 30-day, 90-day, and 1-year chart views on this page provide visual context for understanding where today's rate sits within the broader trend.

Sending Money from MNT to KRW

International money transfers from Mongolian Tugrik to South Korean Won can be made through banks, online transfer services, or specialist forex brokers. Transfer times range from instant to several business days depending on the corridor and provider. Online services like Wise, Revolut, and OFX typically offer better rates and lower fees than traditional bank wire transfers, though availability varies by country and currency pair.

Mid-Market Rate Explained

The mid-market rate of 1 MNT = 0.430669 KRW shown on this page is the fairest available exchange rate. It sits exactly between the buy and sell prices quoted by major financial institutions. No single provider can offer exactly the mid-market rate since their business model requires a small spread, but the best providers come within 0.5-1% of this benchmark. Use our rate as your comparison baseline.