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

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

Mongolia
Bosnia and Herzegovina
MNT

Interbank Exchange Rate: 1 MNT = 0.0005 BAM
Updated about an hour ago

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

Easily compare money transfer providers in one place to send money from Mongolia to Bosnia and Herzegovina. Send money overseas to your loved ones by comparing Mongolian Togrog (MNT) to Convertible Mark (BAM) 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 Mongolia.

Were you looking to send money from Bosnia and Herzegovina to Mongolia 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 MNT to BAM Conversion Rates

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

1 MNT0.00 BAM
5 MNT0.00 BAM
10 MNT0.01 BAM
25 MNT0.01 BAM
50 MNT0.03 BAM
100 MNT0.05 BAM
150 MNT0.08 BAM
200 MNT0.10 BAM
250 MNT0.13 BAM
300 MNT0.15 BAM
400 MNT0.20 BAM
500 MNT0.25 BAM
600 MNT0.30 BAM
700 MNT0.35 BAM
800 MNT0.40 BAM
1,000 MNT0.50 BAM
1,500 MNT0.75 BAM
2,000 MNT1.00 BAM
2,500 MNT1.25 BAM
3,000 MNT1.50 BAM
4,000 MNT2.00 BAM
5,000 MNT2.50 BAM
10,000 MNT5.00 BAM
15,000 MNT7.50 BAM
20,000 MNT10.00 BAM
30,000 MNT15.00 BAM
40,000 MNT20.00 BAM
50,000 MNT25.00 BAM
100,000 MNT50.00 BAM

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


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

Sending money internationally to Bosnia and Herzegovina from Mongolia can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your Mongolian Togrog to BAM remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Bosnia and Herzegovina. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Convertible Mark.


How to get the best exchange rate for your money transfers from Mongolia to Bosnia and Herzegovina?

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 Bosnia and Herzegovina.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Mongolia to Bosnia and Herzegovina 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 MNT to Convertible Mark 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 transfer money from Mongolia to Bosnia and Herzegovina?

Finding the cheapest way to send money from Mongolia to Bosnia and Herzegovina might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer MNT to BAM via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Mongolia to Bosnia and Herzegovina exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


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

Bank transfers have been a traditionally popular way to send money overseas from Mongolia to Bosnia and Herzegovina. 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 MNT to BAM 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 Mongolia bank for your Bosnia and Herzegovina 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 from Mongolia to Bosnia and Herzegovina fast?

The speed of your Mongolian Togrog to Convertible Mark funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert MNT to BAM. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Bosnia and Herzegovina from Mongolia is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Bosnia and Herzegovina if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout BAM into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Mongolia bank to Bosnia and Herzegovina bank transfer.


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

Since the Mongolian Togrog to Convertible Mark money transfer ecosystem has so many players in it, selecting the right company might not be that simple. You have so many to choose from - established organizations like Western Union and MoneyGram to multi currency bank accounts to up and coming Fintech companies. Then, there is always your local bank in Mongolia that may also be able to send money to Bosnia and Herzegovina. With all these possibilities staring at you, it can be difficult to pick the company to give your business to.

The RemitFinder remittance engine will certainly help you to chart a path forward. Once you have selected your source and destination countries, we compare numerous companies to present you with an easy to digest comparison table. Here, you can easily see which companies meet your unique needs.

To further decrease the cost of your MNT to BAM money transfers, we also source exclusive coupons and promotions from various remittance providers. This will increase the final amount your recipient in Bosnia and Herzegovina gets, so make sure to factor in deals as a part of your decision making process to select the best provider for your next Mongolia to Bosnia and Herzegovina transaction.


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

With so many possible ways to transfer Mongolian Togrog to Convertible Mark, 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 Mongolia to Bosnia and Herzegovina 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 Mongolia and the receiver in Bosnia and Herzegovina. 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 MNT to Convertible Mark money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.