Compare today's MNT to USD (Mongolian Togrog to US Dollar) exchange rates
Interbank Exchange Rate: 1 MNT = 0.0003 USD
Updated about an hour ago
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All you need to know about Mongolian Togrog to US Dollar money transfers
Easily compare money transfer providers in one place to send money from Mongolia to Micronesia. Send money overseas to your loved ones by comparing Mongolian Togrog (MNT) to US Dollar (USD) 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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Latest MNT to USD Conversion Rates
Here are some latest MNT to USD (Mongolian Togrog to US Dollar) exchange rates for popular conversion amounts*.
| 1 MNT | 0.00 USD |
| 5 MNT | 0.00 USD |
| 10 MNT | 0.00 USD |
| 25 MNT | 0.01 USD |
| 50 MNT | 0.02 USD |
| 100 MNT | 0.03 USD |
| 150 MNT | 0.05 USD |
| 200 MNT | 0.06 USD |
| 250 MNT | 0.08 USD |
| 300 MNT | 0.09 USD |
| 400 MNT | 0.12 USD |
| 500 MNT | 0.15 USD |
| 600 MNT | 0.18 USD |
| 700 MNT | 0.21 USD |
| 800 MNT | 0.24 USD |
| 1,000 MNT | 0.30 USD |
| 1,500 MNT | 0.45 USD |
| 2,000 MNT | 0.60 USD |
| 2,500 MNT | 0.75 USD |
| 3,000 MNT | 0.90 USD |
| 4,000 MNT | 1.20 USD |
| 5,000 MNT | 1.50 USD |
| 10,000 MNT | 3.00 USD |
| 15,000 MNT | 4.50 USD |
| 20,000 MNT | 6.00 USD |
| 30,000 MNT | 9.00 USD |
| 40,000 MNT | 12.00 USD |
| 50,000 MNT | 15.00 USD |
| 100,000 MNT | 30.00 USD |
*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.
What's the best way to transfer money from Mongolia to Micronesia?
With the global remittance market booming, there are so many choices for Mongolian Togrog to USD money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Micronesia from Mongolia. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.
We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final USD amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.
How to get the best exchange rate for your money transfers from Mongolia to Micronesia?
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 Micronesia.The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Mongolia to Micronesia 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 United States Dollar 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 Micronesia?
One of the most important things to watch out for is hidden fees when sending money to Micronesia 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 Micronesia using your bank, you are most likely paying high fees. You may also not be getting the best exchange rate on your United States Dollar foreign exchange transaction.RemitFinder partners with many money transfer companies that provide you with cheap options to ensure you get the best MNT to Micronesia 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 Micronesia from Mongolia.
Should I use my bank to transfer money from Mongolia to Micronesia?
There are two distinct ways that banks make money on international funds transfers. First, by charging steep transaction fees, and second, by providing a low MNT to USD exchange rate. Sometimes, the actual transaction fee may not be that high, but the rate may be much lower, which essentially means a hidden fee as the cost of the transfer for you still goes up.Since your obvious goal is to make the most of your hard earned money, you would want to ensure that the receiver of your money gets the maximum amount. One simple way to achieve this is by minimizing the fees on Mongolia to Micronesia money you send. And, generally, you will not get low fees with banks. Hence, we recommend relying on our real time online money transfer comparison tool to ensure you can compare many options.
Most of the remittance companies today offer bank to bank transfers for sending money to Micronesia from Mongolia. They do this by letting you fund your transaction through your local bank account in Mongolia, and by allowing you to choose the payout to be your recipient's bank account in Micronesia. But, you are likely to get much better rates and lower fees compared to your bank.
How to send money from Mongolia to Micronesia fast?
It could be a stressful experience if you need to rush money quickly from Mongolia to Micronesia. How do you decide which option to pick to ensure your funds arrive at the destination in the fastest possible way?First, you should ensure that you are picking the right payment method to convert MNT to USD. Most remittance companies will allow you to pay by cash, with credit or debit cards, via a direct bank transfer, through a wire transfer, and so on. Digital payment methods like wire transfers and bank transfers will certainly delay your transaction as compared to cash payments.
Similarly, on the receiving side, your recipient also has multiple options to collect their monies in United States Dollar. The payout choices generally include cash pickup, direct bank transfer, loading up a mobile wallet, and mobile airtime top up. If transaction speed is important, you could choose cash pickup if the receiver can access a close by pickup location. Just be aware that the exchange rate on cash transactions may not be the best, and there is risk in handling cash, especially for larger amounts. Otherwise, a mobile airtime top up or a bank deposit may be the next fastest possible ways unless there are bank holidays going on.
Foreign exchange transaction speed also depends on some additional factors like transfer amount, compliance and regulatory processes and vary from provider to provider. Check out our remittance guide to answer any questions you may have on how remittances work in general, and what factors affect the speed of your Mongolia to Micronesia money transfers.
Which are the best money transfer companies to send money from Mongolia to Micronesia?
The first step in selecting the best money transfer operators for Mongolia to Micronesia remittances is to have a list of potential companies that you could use. You can rely on RemitFinder for giving you several good options to start with. Simply give us your sending and receiving countries, and we will present numerous providers for you to easily compare.The next part in deciding which provider to go with would depend on what you are looking for. There are many parameters on which these companies can be compared against each other, and it all depends on your preferences. For example, are you looking for low or 0 fees, the highest rate, quick transfer speed, etc.
Another factor that may help you decide which provider to go with would be any coupons and deals available for Mongolian Togrog to United States Dollar money transfers. Availing promotions is a sure shot way to help reduce your cost, and should be part of the criteria to decide which are your top candidates for sending money to Micronesia.
Step by step guide to do a money transfer from Mongolia to Micronesia
Follow the below easy steps to send money to Micronesia from Mongolia.- If you are sending money for the first time with a provider, register an account with them. You will likely get a validation email, and optionally a validation text on your mobile as well. This ensures that it is indeed you who is creating your account.
- You will also need to provide your national ID with a photo, and proof of address. Providing this information ensures the security of your account and helps in fraud prevention.
- Add your payment method - this is how you pay for your transfer. Generally, you would want to use your Mongolia bank account to fund your transaction.
- Add your recipient - provide details about who will receive the funds (can also be your own account in Micronesia).
- Specify delivery method - specify how the recipient will get the proceeds. Choosing a bank account is usually the best, if one is available.
- Add the transfer amount and start the transaction.
Whilst it's fairly straightforward to make an actual foreign exchange transaction online, the harder part may be choosing the right company for your overseas bank transfer. This is where you can rely on RemitFinder's expertise in the money transfer space to help you select the best remittance provider.