Mongolia Real Effective Exchange Rate

2000 - 2025 | Monthly | 2005=100 | CEIC Data

Key information about Mongolia Real Effective Exchange Rate

  • Mongolia Real Effective Exchange Rate (REER: 2005=100: Month Avg: Mongolia) was 126.8 in Sep 2025, compared with the number of 124.1 in the previous month.
  • Mongolia Real Effective Exchange Rate data is updated monthly and averaged 131.9 from Jan 2000 to Sep 2025.
  • The data reached an all-time high of 131.9 in Jun 2012 and a record low of 93.0 in Dec 2004.

CEIC generates Real Effective Exchange Rate Index with base 2005=100. The Bank of Mongolia provides Real Effective Exchange Rate Index with base December 2000=100. An increase in REER indicates reduced competitiveness for the reporting economy.
  • The cash rate (Policy Rate: Month End) was set at 12.0 % pa in Nov 2025.
  • Mongolia Exchange Rate against USD averaged 3,571.0 (USD/MNT) in Nov 2025.
  • View Mongolia's Real Effective Exchange Rate from Jan 2000 to Sep 2025 in the chart:

    Mongolia Real Effective Exchange Rate

    What was Mongolia's Real Effective Exchange Rate in Sep 2025?

    Mongolia Real Effective Exchange Rate (REER: 2005=100: Month Avg: Mongolia) was 126.8 in Sep 2025, compared with the number of 124.1 in the previous month. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    126.8 Sep 2025 124.1 Aug 2025 93.0 Dec 2004 131.9 Jun 2012 2005=100 monthly Jan 2000 - Sep 2025

    Real Effective Exchange Rate by Country Comparison

    country/region Last Frequency Range
    Algeria (2005=100) 100.3 Oct 2025 monthly Jan 1994 - Oct 2025
    Argentina (2005=100) 59.4 Nov 2025 monthly Jan 1997 - Nov 2025
    Armenia (2005=100) 241.5 Sep 2025 monthly Jan 1997 - Sep 2025
    Australia (2005=100) 102.4 Oct 2025 monthly Jan 1994 - Oct 2025
    Austria (2005=100) 105.9 Nov 2025 monthly Jan 1993 - Nov 2025
    Azerbaijan (2005=100) 142.9 Sep 2025 monthly Jan 2005 - Sep 2025
    Bahrain (2005=100) 90.6 Sep 2025 monthly Jan 1980 - Sep 2025
    Bangladesh (2015-2016=100) 99.5 2024 yearly 2011 - 2024
    Belarus (2005=100) 101.0 Dec 2014 monthly Jan 1996 - Dec 2014
    Belgium (2005=100) 105.0 Nov 2025 monthly Jan 1993 - Nov 2025
    Bolivia (2005=100) 48.8 Aug 2025 monthly Jan 1991 - Aug 2025
    Bosnia and Herzegovina (2005=100) 98.1 Sep 2025 monthly Jan 2005 - Sep 2025
    Botswana (Dec2018=100) 95.1 Sep 2025 monthly Dec 2009 - Sep 2025
    Brazil (2005=100) 87.9 Sep 2025 monthly Jan 1988 - Sep 2025
    Bulgaria (2005=100) 132.1 Nov 2025 monthly Jan 1993 - Nov 2025
    Canada (2005=100) 87.7 Sep 2025 monthly Jan 1999 - Sep 2025
    Chile (2005=100) 110.6 Oct 2025 monthly Jan 1986 - Oct 2025
    China (2005=100) 130.0 Oct 2025 monthly Jan 1994 - Oct 2025
    Colombia (2005=100) 100.4 Nov 2025 monthly Jan 1990 - Nov 2025
    Croatia (2005=100) 105.8 Oct 2025 monthly Jan 1993 - Oct 2025
    Cyprus (2005=100) 88.9 Oct 2025 monthly Jan 1993 - Oct 2025
    Czech Republic (2005=100) 149.2 Oct 2025 monthly Jan 1995 - Oct 2025
    Denmark (2005=100) 98.9 Sep 2025 monthly Jan 1970 - Sep 2025
    Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
    Estonia (2005=100) 146.6 Nov 2025 monthly Jan 1993 - Nov 2025
    European Union (2005=100) 94.8 Nov 2025 monthly Jan 1993 - Nov 2025
    Finland (2005=100) 94.5 Nov 2025 monthly Jan 1993 - Nov 2025
    France (2005=100) 91.0 Nov 2025 monthly Jan 1993 - Nov 2025
    Georgia (2005=100) 128.1 Oct 2025 monthly Dec 1995 - Oct 2025
    Germany (2005=100) 96.8 Nov 2025 monthly Jan 1993 - Nov 2025
    Ghana (2005=100) 81.9 Sep 2025 monthly Dec 1979 - Sep 2025
    Greece (2005=100) 94.9 Nov 2025 monthly Jan 1993 - Nov 2025
    Hong Kong SAR, China (2005=100) 107.1 Oct 2025 monthly Jan 1994 - Oct 2025
    Hungary (2005=100) 98.2 Oct 2025 monthly Jan 1990 - Oct 2025
    Iceland (2005=100) 98.2 Oct 2025 monthly Jan 1979 - Oct 2025
    India (2005=100) 107.1 Oct 2025 monthly Apr 2004 - Oct 2025
    Indonesia (2005=100) 106.4 Oct 2025 monthly Jan 1994 - Oct 2025
    Iran (2005=100) 1,240.2 Sep 2025 monthly Jan 1979 - Sep 2025
    Ireland (2005=100) 86.5 Nov 2025 monthly Jan 1993 - Nov 2025
    Israel (2005=100) 135.4 Oct 2025 monthly Jan 1994 - Oct 2025
    Italy (2005=100) 94.0 Oct 2025 monthly Jan 1993 - Oct 2025
    Ivory Coast (2005=100) 101.5 Sep 2025 monthly Dec 1979 - Sep 2025
    Japan (2005=100) 54.9 Oct 2025 monthly Jan 1970 - Oct 2025
    Kazakhstan (2005=100) 99.1 Oct 2025 monthly Jan 1995 - Oct 2025
    Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
    South Korea (2005=100) 77.4 Oct 2025 monthly Jan 1994 - Oct 2025
    Kosovo (Jan2007=100) 122.8 Sep 2025 monthly Dec 2006 - Sep 2025
    Kyrgyzstan (2005=100) 139.6 Oct 2025 monthly Jan 2000 - Oct 2025
    Latvia (2005=100) 131.7 Nov 2025 monthly Jan 1993 - Nov 2025
    Lithuania (2005=100) 132.3 Oct 2025 monthly Jan 1993 - Oct 2025
    Luxembourg (2005=100) 100.3 Nov 2025 monthly Jan 1993 - Nov 2025
    North Macedonia (2005=100) 113.7 Sep 2025 monthly Jan 1993 - Sep 2025
    Malawi (2010=100) 106.3 Sep 2025 monthly Dec 1979 - Sep 2025
    Malaysia (2005=100) 93.8 Oct 2025 monthly Jan 1994 - Oct 2025
    Malta (2005=100) 99.5 Nov 2025 monthly Jan 1993 - Nov 2025
    Mexico (2005=100) 99.8 Aug 2025 monthly Jan 1968 - Aug 2025
    Moldova (2005=100) 236.5 Sep 2025 monthly Nov 1993 - Sep 2025
    Mongolia (2005=100) 126.8 Sep 2025 monthly Jan 2000 - Sep 2025
    Morocco (2005=100) 98.9 Sep 2025 monthly Jan 1988 - Sep 2025
    Netherlands (2005=100) 101.3 Oct 2025 monthly Jan 1993 - Oct 2025
    New Zealand (2005=100) 93.0 Oct 2025 monthly Jan 1984 - Oct 2025
    Nigeria (2005=100) 96.5 Sep 2025 monthly Dec 1979 - Sep 2025
    Norway (2005=100) 76.1 Oct 2025 monthly Jan 1994 - Oct 2025
    Pakistan (2010=100) 104.0 Oct 2025 monthly Jul 2001 - Oct 2025
    Paraguay (2005=100) 61.8 Oct 2025 monthly Jan 1995 - Oct 2025
    Peru (2005=100) 85.0 Nov 2025 monthly Jan 1991 - Nov 2025
    Philippines (2005=100) 136.3 Nov 2025 monthly Jan 1993 - Nov 2025
    Poland (2005=100) 119.3 Oct 2025 monthly Jan 1994 - Oct 2025
    Portugal (2005=100) 94.5 Nov 2025 monthly Jan 1993 - Nov 2025
    Romania (2005=100) 120.3 Oct 2025 monthly Jan 1994 - Oct 2025
    Russia (2005=100) 112.7 Oct 2025 monthly Jan 1994 - Oct 2025
    Saudi Arabia (2005=100) 124.2 Oct 2025 monthly Jan 1994 - Oct 2025
    Serbia (2005=100) 145.8 Sep 2025 monthly Jan 2002 - Sep 2025
    Singapore (2005=100) 134.4 Oct 2025 monthly Jan 1994 - Oct 2025
    Slovakia (2005=100) 142.3 Nov 2025 monthly Jan 1993 - Nov 2025
    Slovenia (2005=100) 102.1 Nov 2025 monthly Jan 1993 - Nov 2025
    South Africa (2005=100) 89.9 Sep 2025 monthly Jan 1970 - Sep 2025
    Spain (2005=100) 99.0 Nov 2025 monthly Jan 1993 - Nov 2025
    Sri Lanka (2017=100) 71.9 Oct 2025 monthly Jan 2013 - Oct 2025
    Sweden (2005=100) 82.2 Oct 2025 monthly Jan 1994 - Oct 2025
    Switzerland (2005=100) 117.5 Oct 2025 monthly Jan 1973 - Oct 2025
    Taiwan, China (2005=100) 95.3 Oct 2025 monthly Jan 1994 - Oct 2025
    Thailand (2005=100) 123.3 Oct 2025 monthly Jan 1994 - Oct 2025
    Tunisia (2005=100) 87.3 Sep 2025 monthly Jan 1979 - Sep 2025
    Turkey (2005=100) 63.7 Nov 2025 monthly Jan 1994 - Nov 2025
    Ukraine (2005=100) 85.5 Sep 2025 monthly Dec 1992 - Sep 2025
    United Arab Emirates (2005=100) 121.6 Oct 2025 monthly Jan 1994 - Oct 2025
    United Kingdom (2005=100) 89.1 Oct 2025 monthly Jan 1994 - Oct 2025
    United States (Jan2006=100) 115.7 Oct 2025 monthly Jan 2006 - Oct 2025
    Uruguay (2005=100) 44.9 Oct 2025 monthly Jan 2000 - Oct 2025
    Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
    Zambia (2005=100) 95.9 Aug 2025 monthly Jan 2013 - Aug 2025

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    Mongolia Key Series

    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) -4.2 Sep 2025 quarterly Dec 2000 - Sep 2025
    Consolidated Fiscal Balance (USD mn) 1,439.826 Nov 2025 monthly Jan 2000 - Nov 2025
    Tax Revenue (USD mn) 466.406 Nov 2025 monthly Jan 2000 - Nov 2025
    Tax Revenue: % of GDP (%) 27.4 Sep 2025 quarterly Mar 2000 - Sep 2025
    Government Debt: % of GDP (%) 38.6 Jun 2025 quarterly Dec 2017 - Jun 2025
    Forecast: Government Expenditure (MNT bn) 58,083.013 2030 yearly 1981 - 2030
    Forecast: Government Net Debt (MNT bn) 98,835.528 2030 yearly 2006 - 2030
    Forecast: Government Revenue (MNT bn) 53,758.183 2030 yearly 1981 - 2030
    General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 4,122,123.600 Nov 2025 monthly Dec 1999 - Nov 2025
    General Government Balance: ytd (MNT mn) 3,546,960.000 Nov 2025 monthly Dec 1999 - Nov 2025
    General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 17,821,136.100 Nov 2025 monthly Dec 1999 - Nov 2025
    General Government Expenditure & NL: ytd: Net Lending (MNT mn) 114,909.500 Nov 2025 monthly Dec 1999 - Nov 2025
    General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 5,401,694.400 Nov 2025 monthly Dec 1999 - Nov 2025
    General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 885,491.900 Nov 2025 monthly Dec 1999 - Nov 2025
    General Government Expenditure & NL: ytd: Expenditure (MNT mn) 2,154,886.548 Jan 2025 monthly Dec 1999 - Jan 2025
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
    Trade Balance (USD mn) 677.6 Oct 2025 monthly Jan 1997 - Oct 2025
    Total Exports (USD mn) 1,522.4 Oct 2025 monthly Jan 1997 - Oct 2025
    Total Exports Growth (%) 7.9 Oct 2025 monthly Jan 1998 - Oct 2025
    Aluminum: Exports (USD th) 17,602.481 2024 yearly 1995 - 2024
    Exports: Medicament (USD th) 117.835 2024 yearly 1995 - 2024
    Exports: Medicinal and Pharmaceutical Product (USD th) 3,906.650 2024 yearly 1995 - 2024
    Total Imports (USD mn) 844.8 Oct 2025 monthly Jan 1997 - Oct 2025
    Total Imports Growth (%) -14.0 Oct 2025 monthly Jan 1998 - Oct 2025
    Imports: Medicament (USD th) 194,649.356 2024 yearly 1995 - 2024
    Imports: Medicinal and Pharmaceutical Product (USD th) 151,307.381 2024 yearly 1995 - 2024
    Total Exports to USA (USD mn) 6.893 Oct 2025 monthly Dec 1999 - Oct 2025
    Total Imports from USA (USD mn) 20.683 Oct 2025 monthly Dec 1999 - Oct 2025
    Total Exports to China (USD mn) 1,250.033 Oct 2025 monthly Dec 1999 - Oct 2025
    Total Imports from China (USD mn) 380.269 Oct 2025 monthly Dec 1999 - Oct 2025
    Exports: Live Animals and Products of Animal Origin (USD th) 5,098.791 Feb 2025 monthly Dec 1999 - Feb 2025
    Exports: Mineral Products (USD th) 838,352.397 Feb 2025 monthly Dec 1999 - Feb 2025
    Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
    Exports: Textiles and Textile Articles (USD th) 13,101.987 Feb 2025 monthly Dec 1999 - Feb 2025
    Exports: Europe: European Union: ow United Kingdom (USD th) 319.274 Feb 2025 monthly Dec 1999 - Feb 2025
    Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
    Exports: Asia: North Eastern: ow China (USD th) 863,547.687 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Mineral Products (USD th) 209,490.684 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Base Metals and Articles Thereof (USD th) 47,145.766 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 142,993.417 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 146,491.254 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Food Products (USD th) 57,743.099 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Asia: North Eastern: ow China (USD th) 207,203.752 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: America: ow USA (USD th) 30,303.696 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Asia: North Eastern: ow Republic of Korea (USD th) 29,096.402 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Asia: North Eastern: ow Japan (USD th) 100,806.768 Feb 2025 monthly Dec 1999 - Feb 2025
    Imports: Europe: Others: ow Russian Federation (USD th) 236,393.169 Feb 2025 monthly Dec 1999 - Feb 2025
    Export Value Index (2015=100) 198.040 2021 yearly 1980 - 2021
    Import Value Index (2015=100) 180.345 2021 yearly 1980 - 2021
    Export Volume Index (2015=100) 109.807 2021 yearly 2000 - 2021
    Import Volume Index (2015=100) 147.693 2021 yearly 2000 - 2021
    Balance of Payments Last Frequency Range
    Direct Investment Abroad (USD mn) 0.8 Oct 2025 monthly Jan 2009 - Oct 2025
    Current Account Balance (USD mn) 149.9 Oct 2025 monthly Jan 2009 - Oct 2025
    Current Account Balance: % of GDP (%) 2.3 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Direct Investment (USD mn) 188.0 Oct 2025 monthly Jan 2009 - Oct 2025
    Foreign Direct Investment: % of GDP (%) 10.0 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Portfolio Investment (USD mn) 611.706 Sep 2025 quarterly Mar 1998 - Sep 2025
    Foreign Portfolio Investment: % of GDP (%) 11.1 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Portfolio Investment: Equity Securities (USD mn) 41.1 Sep 2025 quarterly Mar 1998 - Sep 2025
    Foreign Portfolio Investment: Debt Securities (USD mn) 570.638 Sep 2025 quarterly Mar 1998 - Sep 2025
    External Debt (USD mn) 40,439.3 Sep 2025 quarterly Mar 2000 - Sep 2025
    External Debt: % of GDP (%) 157.9 2024 yearly 1992 - 2024
    External Debt: Short Term (USD mn) 2,640.4 Sep 2025 quarterly Mar 2000 - Sep 2025
    External Debt: Short Term: % of GDP (%) 8.6 2024 yearly 1992 - 2024
    Forecast: Current Account Balance (USD bn) -4.117 2030 yearly 1991 - 2030
    Net International Investment Position (USD mn) -45,651.362 Sep 2025 quarterly Dec 2010 - Sep 2025
    BoP: FA: Portfolio Investment: Asset (USD mn) 5.970 Oct 2025 monthly Jan 2009 - Oct 2025
    BoP: FA: Direct Investment: Liabilities (USD mn) 188.011 Oct 2025 monthly Jan 2009 - Oct 2025
    BoP: FA: OI: Asset (USD mn) 184.965 Oct 2025 monthly Jan 2009 - Oct 2025
    BoP: Capital Account (USD mn) 9.043 Oct 2025 monthly Jan 2009 - Oct 2025
    BoP: CA: Goods & Services: Goods (USD mn) -1.574 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: CA: Goods & Services: Services (USD mn) -320.947 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: CA: Secondary Income (USD mn) -1.757 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: Net Errors & Omissions (USD mn) -159.513 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: Financial Account (FA) (USD mn) 4.999 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Financial Derivatives: Liabilities (USD mn) -2.481 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: CA: Primary Income (USD mn) -197.620 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Financial Derivatives (USD mn) 2.416 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: Reserves: Assets (USD mn) -680.711 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Financial Derivatives: Asset (USD mn) -0.065 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Other Investment (OI) (USD mn) 107.590 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: OI: Liabilities (USD mn) -165.570 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Portfolio Investment (USD mn) -26.075 Jan 2025 monthly Jan 2009 - Jan 2025
    Balance of Payments (BoP): Current Account (CA) (USD mn) -521.897 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Direct Investment: Asset (USD mn) 15.874 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Direct Investment (USD mn) -78.933 Jan 2025 monthly Jan 2009 - Jan 2025
    BoP: FA: Portfolio Investment: Liabilities (USD mn) 24.330 Jan 2025 monthly Jan 2009 - Jan 2025
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 5.3 Oct 2025 monthly Dec 1996 - Oct 2025
    Household Debt: % of GDP (%) 29.7 Sep 2025 quarterly Mar 2004 - Sep 2025
    Non-Performing Loans (USD mn) 642.859 Oct 2025 monthly Dec 1996 - Oct 2025
    Money Supply M1 (USD mn) 3,066.500 Oct 2025 monthly Dec 1996 - Oct 2025
    Money Supply M2 (USD mn) 12,563.189 Oct 2025 monthly Dec 1996 - Oct 2025
    M2 Growth (%) 7.0 Oct 2025 monthly Dec 1997 - Oct 2025
    Reserve Requirement Ratio (%) 13.0 Nov 2025 monthly Jan 2005 - Nov 2025
    Foreign Exchange Reserves (USD mn) 4,843.4 Nov 2025 monthly Dec 1992 - Nov 2025
    Foreign Exchange Reserves: % of GDP (%) 19.853 Sep 2025 quarterly Dec 2010 - Sep 2025
    Foreign Exchange Reserves: Months of Import (NA) 5.8 Oct 2025 monthly Jan 1997 - Oct 2025
    Gold Reserves (USD mn) 947.114 Nov 2025 monthly Dec 1980 - Nov 2025
    Total Deposits (USD mn) 8,200.173 Oct 2025 monthly Jan 2000 - Oct 2025
    Total Deposits Growth (%) 16.7 Oct 2025 monthly Jan 2001 - Oct 2025
    Domestic Credit (USD mn) 11,918.7 Oct 2025 monthly Dec 1991 - Oct 2025
    Domestic Credit Growth (%) 22.7 Oct 2025 monthly Dec 1992 - Oct 2025
    Household Debt (USD mn) 7,203.3 Oct 2025 monthly Jan 2004 - Oct 2025
    Total Loans (USD mn) 12,204.074 Oct 2025 monthly Dec 1996 - Oct 2025
    Total Loans Growth (%) 23.48 Oct 2025 monthly Dec 1997 - Oct 2025
    Private Debt: % of Nominal GDP (%) 49.12 Sep 2025 quarterly Dec 2010 - Sep 2025
    International Reserves: Gross (USD mn) 5,886.140 Nov 2025 monthly Jan 2006 - Nov 2025
    Money Supply: M2: M1 (MNT mn) 10,832,174.537 Jan 2025 monthly Dec 1990 - Jan 2025
    Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 2,304,835.178 Oct 2025 monthly Dec 1996 - Oct 2025
    Deposits: Individual (MNT tn) 22.300 Jan 2025 monthly May 2018 - Jan 2025
    Deposits (MNT tn) 26.500 Jan 2025 monthly Jan 2000 - Jan 2025
    Deposits: Corporate (MNT tn) 4.200 Jan 2025 monthly May 2018 - Jan 2025

    More Indicators for Mongolia

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