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Compare today's MNT to ETB (Mongolian Togrog to Ethiopian Birr) exchange rates

Mongolia
Ethiopia
MNT

Interbank Exchange Rate: 1 MNT = 0.0435 ETB
Updated about an hour ago

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All you need to know about Mongolian Togrog to Ethiopian Birr money transfers

Easily compare money transfer providers in one place to send money from Mongolia to Ethiopia. Send money overseas to your loved ones by comparing Mongolian Togrog (MNT) to Ethiopian Birr (ETB) 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.

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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 ETB Conversion Rates

Here are some latest MNT to ETB (Mongolian Togrog to Ethiopian Birr) exchange rates for popular conversion amounts*.

1 MNT0.04 ETB
5 MNT0.22 ETB
10 MNT0.43 ETB
25 MNT1.09 ETB
50 MNT2.18 ETB
100 MNT4.35 ETB
150 MNT6.52 ETB
200 MNT8.70 ETB
250 MNT10.88 ETB
300 MNT13.05 ETB
400 MNT17.40 ETB
500 MNT21.75 ETB
600 MNT26.10 ETB
700 MNT30.45 ETB
800 MNT34.80 ETB
1,000 MNT43.50 ETB
1,500 MNT65.25 ETB
2,000 MNT87.00 ETB
2,500 MNT108.75 ETB
3,000 MNT130.50 ETB
4,000 MNT174.00 ETB
5,000 MNT217.50 ETB
10,000 MNT435.00 ETB
15,000 MNT652.50 ETB
20,000 MNT870.00 ETB
30,000 MNT1,305.00 ETB
40,000 MNT1,740.00 ETB
50,000 MNT2,175.00 ETB
100,000 MNT4,350.00 ETB

*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 Ethiopia?

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 Mongolia to Ethiopia. We ensure that you are getting the best rate and sending money at the right time with trusted money transfer companies when you transfer Mongolian Togrog to ETB.

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 MNT to ETB in Ethiopia. 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 Ethiopia from Mongolia. We provide you with maximum choices to send money to Ethiopia 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 Mongolia to Ethiopia?

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 Ethiopia.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Mongolia to Ethiopia 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 Ethiopian Birr 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 for transferring money to Ethiopia from Mongolia?

One of the most important things to watch out for is hidden fees when sending money to Ethiopia from Mongolia. Most of the time, you will get ripped off if you have no choice, or very few choices. For instance, if you send money to Ethiopia using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your Ethiopian Birr foreign exchange transaction.

RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MNT to Ethiopia exchange rate. The more choices you have, the better yield you get. This is because you can get creative with exchange rates and fees to determine the cheapest option for you. For instance, one company may be giving a very high rate but charging a steep fee as well, while another provider may have a slightly lower rate, but 0 fee. All of this also depends on how much amount you send. It is very much possible that as the transaction amount varies, one money transfer operator gives a better return than the other, and vice versa.

Our partners also provide our customers with many offers and promotions. These could be seasonal (around key holidays and festivals) or ongoing. Making use of these deals will further reduce your cost, and help ensure you use the cheapest way to send money to Ethiopia from Mongolia.


How to send money from Mongolia to Ethiopia through a bank?

One of the first thoughts that may come to your mind when sending money overseas could be to rely on your bank to execute your Mongolia to Ethiopia money transfer transaction. While there is convenience involved in using your bank (after all, you have an account with your bank already, and could even initiate the transfer from the comfort of your home using mobile banking), it is advisable to compare some other options as well.

With the increased penetration of the internet into our lives, a lot of financial transactions have also moved online. For example, we pay our bills, buy all types of commodities, book our vacation, and enjoy all types of entertainment over the internet. It is, therefore, no surprise that the global remittance ecosystem also has a significant digital footprint. Especially for a popular market like MNT to ETB transfers.

Given this, there are umpteen additional options to send money to Ethiopia instead of just your Mongolia bank. It is very likely that many money transfer companies are offering better exchange rates compared to your bank, as well as potentially lower fees. If that is the case, you could maximize the value of your Mongolian Togrog even more so that your recipient in Ethiopia gets the maximum amount.


How to send money from Mongolia to Ethiopia fast?

If you need to convert MNT to ETB as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Mongolia to Ethiopia could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Mongolian Togrog to Ethiopian Birr funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Ethiopia.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Mongolia to Ethiopia. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to send money from Mongolia to Ethiopia?

Mongolia to Ethiopia money transfer space is highly competitive, and there are numerous remittance service providers competing for your business. Given that, how do you ensure you are choosing the best company when you send money overseas?

To be able to make an informed decision, the first thing you would want to do is to be aware of your selection criteria. For example, do you need the money to reach Ethiopia as fast as possible? Are you sending a small or large amount? Do you prefer fixed exchange rates or are comfortable with indicative rates? And so on. Honing your preferences will help you decide which remittance company to go with.

Once you have defined your parameters, selecting the best Mongolian Togrog to Ethiopian Birr money transfers is easy. Simply punch in your country combination on RemitFinder, and compare numerous companies quickly to be able to select the ones that match your preferences.


Step by step guide to send money from Mongolia to Ethiopia

The first step to send money to Ethiopia from Mongolia is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your MNT to ETB overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Ethiopia if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Mongolia bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Ethiopia!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Mongolia to Ethiopia.