Tugrik (pronounced as "tögrög") is the official currency of Mongolia. 1 tugrik is subdivided into 100 möngö (möngö is the equivalent of a cent in many currencies). The word tugrik comes from the word "dugarig", which means "circle" or "round object" (that is, a coin).
You can do currency exchange at almost all local bank branches. There are also several currency exchange centers, where the exchange rate is usually slightly better compared to banks.
This blog consists of three useful parts:
For your convenience, we have an interactive currency exchange tool with an up-to-date exchange rate that you can use to planning.
Please note that the actual exchange rate may vary from those online.
1. Instructions-screenshot for the interactive course:
For a more favorable exchange rate, many use the services of exchange offices, which have a much better exchange rate.
Below is a map of the district where many currency exchange centers are located. The district is called 'Naiman Sharga'. The opening hours of many of them are 09:00-18:00 on working days (10:00-16:00 on weekends).