Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's BAM to MNT (Convertible Mark to Mongolian Togrog) exchange rates

Bosnia and Herzegovina
Mongolia
BAM

Interbank Exchange Rate: 1 BAM = 2,148.6595 MNT
Updated about an hour ago

Found 0 Remittance Service Providers

All you need to know about Convertible Mark to Mongolian Togrog money transfers

Easily compare money transfer providers in one place to send money from Bosnia and Herzegovina to Mongolia. Send money overseas to your loved ones by comparing Convertible Mark (BAM) to Mongolian Togrog (MNT) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Bosnia and Herzegovina.

Were you looking to send money from Mongolia to Bosnia and Herzegovina instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest BAM to MNT Conversion Rates

Here are some latest BAM to MNT (Convertible Mark to Mongolian Togrog) exchange rates for popular conversion amounts*.

1 BAM2,148.66 MNT
5 BAM10,743.30 MNT
10 BAM21,486.60 MNT
25 BAM53,716.49 MNT
50 BAM107,432.98 MNT
100 BAM214,865.95 MNT
150 BAM322,298.93 MNT
200 BAM429,731.90 MNT
250 BAM537,164.88 MNT
300 BAM644,597.85 MNT
400 BAM859,463.80 MNT
500 BAM1,074,329.75 MNT
600 BAM1,289,195.70 MNT
700 BAM1,504,061.65 MNT
800 BAM1,718,927.60 MNT
1,000 BAM2,148,659.50 MNT
1,500 BAM3,222,989.25 MNT
2,000 BAM4,297,319.00 MNT
2,500 BAM5,371,648.75 MNT
3,000 BAM6,445,978.50 MNT
4,000 BAM8,594,638.00 MNT
5,000 BAM10,743,297.50 MNT
10,000 BAM21,486,595.00 MNT
15,000 BAM32,229,892.50 MNT
20,000 BAM42,973,190.00 MNT
30,000 BAM64,459,785.00 MNT
40,000 BAM85,946,380.00 MNT
50,000 BAM107,432,975.00 MNT
100,000 BAM214,865,950.00 MNT

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to do Bosnia and Herzegovina to Mongolia money transfers?

Foreign exchange rates fluctuate by the second, much like equities listed on the stock market. Given that, it might seem like a daunting task to determine the best timing to transfer money from Bosnia and Herzegovina to Mongolia. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Convertible Mark to MNT.

You can rely on RemitFinder to do the hard work of searching for the best companies specializing in sending money abroad for you. Our remittance comparison platform helps you spot the best options to send BAM to MNT in Mongolia. Every company listed on our site is an established business that our team evaluates to make sure you get access to the best exchange rates.

With RemitFinder, you can also take advantage of numerous offers and discounts that our partners provide to maximize the power of your money transfers to Mongolia from Bosnia and Herzegovina. We provide you with maximum choices to send money to Mongolia by comparing competing money transfer companies thereby making you the winner in the end.


How to get the best remit rate for transferring money from Bosnia and Herzegovina to Mongolia?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Mongolia.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Bosnia and Herzegovina to Mongolia transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your BAM to Mongolian Togrog money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


What's the cheapest way to send money to Mongolia from Bosnia and Herzegovina?

The final amount your recipient gets when you send BAM to MNT is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Bosnia and Herzegovina to Mongolia used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Mongolian Togrog is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Convertible Mark to Mongolia exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to transfer money from Bosnia and Herzegovina to Mongolia?

Bank transfers have been a traditionally popular way to send money overseas from Bosnia and Herzegovina to Mongolia. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the BAM to MNT exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Bosnia and Herzegovina bank for your Mongolia money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money to Mongolia from Bosnia and Herzegovina fast?

How fast your money arrives at its destination is one of the key factors to consider when sending funds internationally from Bosnia and Herzegovina to Mongolia. This is especially relevant if you are up against time and need to send money urgently. Every once in a while, we all get into that situation, so it's good to be aware of what to do.

To help you convert BAM to MNT fast, we recommend reading up on our "all you need to know about remittances" guide. This is a comprehensive document that will help you understand so many factors that affect the speed of your money transfers, and therefore, pick the providers that can execute your transaction fastest.

If speed were the only factor to consider, and sometimes it is for emergency needs, cash transfers may be your best bet as there are no bank to bank transactions involved which will certainly introduce a lag in your Convertible Mark amount reaching Mongolia. On the flip side, carrying cash is risky. Additionally, cash transactions go with a lower exchange rate; this helps providers cover the expenses needed to maintain physical office locations needed to process cash.

Hopefully, you do not find yourself in a crisis where you have to rush Mongolian Togrog quickly to Mongolia, but in case you do, now you know how to evaluate various funds transfer operators to choose the fastest one.


Which are the best money transfer companies to send money to Mongolia from Bosnia and Herzegovina?

Comparing money transfer companies for sending money to Mongolia from Bosnia and Herzegovina can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Mongolia. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Convertible Mark to Mongolian Togrog transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Mongolian Togrog yield on every Convertible Mark that you send.


Step by step guide to send money from Bosnia and Herzegovina to Mongolia

With so many possible ways to transfer Convertible Mark to Mongolian Togrog, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Bosnia and Herzegovina to Mongolia remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Bosnia and Herzegovina and the receiver in Mongolia. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your BAM to Mongolian Togrog money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.