Average FX rate to USD rose 10.3% to 3,466 per USD in Mongolia in 2023, according to the National Statistical Office.
Historically, Average FX rate to USD in Mongolia reached an all time high of 3,466 per USD in 2023 and an all time low of 2.90 per USD in 1980. When compared to Mongolia's main peers, Average FX rate to USD in China amounted to 7.08 per USD, 456 per USD in Kazakhstan, 87.9 per USD in Kyrgyzstan and 85.2 per USD in Russia in 2023.
Mongolia has been ranked 11th within the group of 143 countries we follow in terms of Average FX rate to USD, 5 places above the position seen 10 years ago.
| FX Rate to USD (Average) | Unit | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
| China | per USD | 6.76 | 6.62 | 6.91 | 6.90 | 6.45 | ||||||||||||||||
| Germany | per USD | 0.891 | 0.854 | ... | ... | ... | ... | ... | ||||||||||||||
| India | per USD | 65.1 | 68.4 | 70.4 | 74.1 | 73.9 | ||||||||||||||||
| Japan | per USD | 112 | 110 | 109 | 107 | 110 | ||||||||||||||||
| Kazakhstan | per USD | 326 | 345 | 383 | 413 | 426 | ||||||||||||||||
| Kyrgyzstan | per USD | 68.9 | 68.8 | 69.8 | 77.3 | 84.6 | ||||||||||||||||
| Mongolia | per USD | 2,440 | 2,472 | 2,664 | 2,813 | 2,849 | ||||||||||||||||
| Russia | per USD | 58.3 | 62.7 | 64.7 | 72.1 | 73.7 | ||||||||||||||||
| Tajikistan | per USD | 8.55 | 9.15 | 9.53 | 10.3 | 11.3 | ||||||||||||||||
| USA | per USD | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | ||||||||||||||||
| Uzbekistan | per USD | 5,114 | 8,070 | 8,837 | 10,054 | 10,609 |
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