Mongolia Real Effective Exchange Rate

2000 - 2023 | 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 119.4 in Dec 2023, compared with the number of 119.3 in the previous month.
  • Mongolia Real Effective Exchange Rate data is updated monthly and averaged 131.9 from Jan 2000 to Dec 2023.
  • 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 13.0 % pa in Jan 2024.
  • Mongolia Exchange Rate against USD averaged 3,438.3 (USD/MNT) in Jun 2023.
  • View Mongolia's Real Effective Exchange Rate from Jan 2000 to Dec 2023 in the chart:

    Mongolia Real Effective Exchange Rate

    What was Mongolia's Real Effective Exchange Rate in Dec 2023?

    Mongolia Real Effective Exchange Rate (REER: 2005=100: Month Avg: Mongolia) was 119.4 in Dec 2023, compared with the number of 119.3 in the previous month. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    119.4 Dec 2023 119.3 Nov 2023 93.0 Dec 2004 131.9 Jun 2012 2005=100 monthly Jan 2000 - Dec 2023

    Real Effective Exchange Rate by Country Comparison

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    Includes Real Effective Exchange Rate on 92 economies standardised by CEIC. Instant access to full history data in excel.
    country/region Last Frequency Range
    Algeria (2005=100) 103.0 Feb 2024 monthly Jan 1994 - Feb 2024
    Argentina (2005=100) 65.6 Mar 2024 monthly Jan 1997 - Mar 2024
    Armenia (2005=100) 235.7 Jan 2024 monthly Jan 1997 - Jan 2024
    Australia (2005=100) 102.0 Feb 2024 monthly Jan 1994 - Feb 2024
    Austria (2005=100) 103.9 Feb 2024 monthly Jan 1993 - Feb 2024
    Azerbaijan (2005=100) 152.0 Feb 2024 monthly Jan 2005 - Feb 2024
    Bahrain (2005=100) 95.8 Feb 2024 monthly Jan 1980 - Feb 2024
    Bangladesh (2015-2016=100) 102.0 2023 yearly 2011 - 2023
    Belarus (2005=100) 101.0 Dec 2014 monthly Jan 1996 - Dec 2014
    Belgium (2005=100) 101.1 Feb 2024 monthly Jan 1993 - Feb 2024
    Bolivia (2005=100) 53.5 Oct 2023 monthly Jan 1991 - Oct 2023
    Bosnia and Herzegovina (2005=100) 98.4 Jan 2024 monthly Jan 2005 - Jan 2024
    Botswana (Dec2018=100) 97.1 Aug 2023 monthly Dec 2009 - Aug 2023
    Brazil (2005=100) 95.4 Jan 2024 monthly Jan 1988 - Jan 2024
    Bulgaria (2005=100) 130.1 Mar 2024 monthly Jan 1993 - Mar 2024
    Canada (2005=100) 91.5 Dec 2023 monthly Jan 1999 - Dec 2023
    Chile (2005=100) 115.0 Feb 2024 monthly Jan 1986 - Feb 2024
    China (2005=100) 138.0 Feb 2024 monthly Jan 1994 - Feb 2024
    Colombia (2005=100) 115.6 Feb 2024 monthly Jan 1990 - Feb 2024
    Croatia (2005=100) 101.3 Feb 2024 monthly Jan 1993 - Feb 2024
    Cyprus (2005=100) 90.2 Feb 2024 monthly Jan 1993 - Feb 2024
    Czech Republic (2005=100) 152.4 May 2023 monthly Jan 1995 - May 2023
    Denmark (2005=100) 98.0 Sep 2023 monthly Jan 1970 - Sep 2023
    Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
    Estonia (2005=100) 143.5 Feb 2024 monthly Jan 1993 - Feb 2024
    European Union (2005=100) 92.6 Mar 2024 monthly Jan 1993 - Mar 2024
    Finland (2005=100) 94.3 Feb 2024 monthly Jan 1993 - Feb 2024
    France (2005=100) 90.9 Feb 2024 monthly Jan 1993 - Feb 2024
    Georgia (2005=100) 141.1 Feb 2024 monthly Dec 1995 - Feb 2024
    Germany (2005=100) 94.8 Feb 2024 monthly Jan 1993 - Feb 2024
    Ghana (2005=100) 71.9 Feb 2024 monthly Dec 1979 - Feb 2024
    Greece (2005=100) 92.8 Feb 2024 monthly Jan 1993 - Feb 2024
    Hong Kong SAR, China (2005=100) 109.0 Feb 2024 monthly Jan 1994 - Feb 2024
    Hungary (2005=100) 100.7 Feb 2024 monthly Jan 1990 - Feb 2024
    Iceland (2005=100) 89.1 Feb 2024 monthly Jan 1979 - Feb 2024
    India (2005=100) 115.1 Feb 2024 monthly Apr 2004 - Feb 2024
    Indonesia (2005=100) 114.5 Feb 2024 monthly Jan 1994 - Feb 2024
    Iran (2005=100) 769.3 Feb 2024 monthly Jan 1979 - Feb 2024
    Ireland (2005=100) 83.6 Feb 2024 monthly Jan 1993 - Feb 2024
    Israel (2005=100) 123.2 Feb 2024 monthly Jan 1994 - Feb 2024
    Italy (2005=100) 94.5 Jun 2023 monthly Jan 1993 - Jun 2023
    Ivory Coast (2005=100) 97.2 Feb 2024 monthly Dec 1979 - Feb 2024
    Japan (2005=100) 54.8 Feb 2024 monthly Jan 1970 - Feb 2024
    Kazakhstan (2005=100) 99.4 Jan 2024 monthly Jan 1995 - Jan 2024
    Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
    South Korea (2005=100) 84.0 Feb 2024 monthly Jan 1994 - Feb 2024
    Kosovo (Jan2007=100) 119.7 Feb 2024 monthly Dec 2006 - Feb 2024
    Kyrgyzstan (2005=100) 135.1 Feb 2024 monthly Jan 2000 - Feb 2024
    Latvia (2005=100) 132.2 Feb 2024 monthly Jan 1993 - Feb 2024
    Lithuania (2005=100) 130.7 Feb 2024 monthly Jan 1993 - Feb 2024
    Luxembourg (2005=100) 98.3 Feb 2024 monthly Jan 1993 - Feb 2024
    North Macedonia (2005=100) 111.5 May 2023 monthly Jan 1993 - May 2023
    Malawi (2010=100) 79.9 Feb 2024 monthly Dec 1979 - Feb 2024
    Malaysia (2005=100) 84.2 Feb 2024 monthly Jan 1994 - Feb 2024
    Malta (2005=100) 97.4 Feb 2024 monthly Jan 1993 - Feb 2024
    Mexico (2005=100) 88.7 Jan 2024 monthly Jan 1968 - Jan 2024
    Moldova (2005=100) 218.6 Feb 2024 monthly Nov 1993 - Feb 2024
    Mongolia (2005=100) 119.4 Dec 2023 monthly Jan 2000 - Dec 2023
    Morocco (2005=100) 96.4 Feb 2024 monthly Jan 1988 - Feb 2024
    Netherlands (2005=100) 97.1 Feb 2024 monthly Jan 1993 - Feb 2024
    New Zealand (2005=100) 99.0 Feb 2024 monthly Jan 1984 - Feb 2024
    Nigeria (2005=100) 64.0 Feb 2024 monthly Dec 1979 - Feb 2024
    Norway (2005=100) 75.3 Feb 2024 monthly Jan 1994 - Feb 2024
    Pakistan (2010=100) 98.8 Dec 2023 monthly Jan 2013 - Dec 2023
    Paraguay (2005=100) 69.9 Jan 2024 monthly Jan 1995 - Jan 2024
    Peru (2005=100) 94.8 Feb 2024 monthly Jan 1991 - Feb 2024
    Philippines (2005=100) 148.2 Feb 2024 monthly Jan 1993 - Feb 2024
    Poland (2005=100) 112.6 Feb 2024 monthly Jan 1994 - Feb 2024
    Portugal (2005=100) 92.9 Feb 2024 monthly Jan 1993 - Feb 2024
    Romania (2005=100) 113.1 Feb 2024 monthly Jan 1994 - Feb 2024
    Russia (2005=100) 94.7 Feb 2024 monthly Jan 1994 - Feb 2024
    Saudi Arabia (2005=100) 126.8 Feb 2024 monthly Jan 1994 - Feb 2024
    Serbia (2005=100) 141.8 Feb 2024 monthly Jan 2002 - Feb 2024
    Singapore (2005=100) 133.6 Feb 2024 monthly Jan 1994 - Feb 2024
    Slovakia (2005=100) 137.9 Feb 2024 monthly Jan 1993 - Feb 2024
    Slovenia (2005=100) 100.7 Feb 2024 monthly Jan 1993 - Feb 2024
    South Africa (2005=100) 84.3 Jan 2024 monthly Jan 1970 - Jan 2024
    Spain (2005=100) 97.4 Feb 2024 monthly Jan 1993 - Feb 2024
    Sri Lanka (2017=100) 75.1 Feb 2024 monthly Jan 2013 - Feb 2024
    Sweden (2005=100) 80.6 Feb 2024 monthly Jan 1994 - Feb 2024
    Switzerland (2005=100) 115.9 Feb 2024 monthly Jan 1973 - Feb 2024
    Taiwan (2005=100) 93.8 Feb 2024 monthly Jan 1994 - Feb 2024
    Thailand (2005=100) 116.9 Feb 2024 monthly Jan 1994 - Feb 2024
    Tunisia (2005=100) 81.8 Feb 2024 monthly Jan 1979 - Feb 2024
    Turkey (2005=100) 51.9 Feb 2024 monthly Jan 1994 - Feb 2024
    Ukraine (2005=100) 83.5 Feb 2024 monthly Dec 1992 - Feb 2024
    United Arab Emirates (2005=100) 125.4 Feb 2024 monthly Jan 1994 - Feb 2024
    United Kingdom (2005=100) 87.1 Feb 2024 monthly Jan 1994 - Feb 2024
    United States (Jan2006=100) 114.8 Mar 2024 monthly Jan 2006 - Mar 2024
    Uruguay (2005=100) 43.5 Feb 2024 monthly Jan 2000 - Feb 2024
    Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
    Zambia (2005=100) 127.0 Dec 2023 monthly Jan 2013 - Dec 2023

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    Mongolia Key Series

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    Includes 212 key indicators for Mongolia, curated by CEIC analysts. Instant access to full history data in excel.
    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) 1.1 Dec 2023 quarterly Dec 2000 - Dec 2023
    Consolidated Fiscal Balance (USD mn) 196.620 Feb 2024 monthly Jan 2000 - Feb 2024
    Tax Revenue (USD mn) 582.910 Feb 2024 monthly Jan 2000 - Feb 2024
    Tax Revenue: % of GDP (%) 19.8 Dec 2023 quarterly Mar 2000 - Dec 2023
    Government Debt: % of GDP (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
    Forecast: Government Expenditure (MNT bn) 42,528.460 2028 yearly 1981 - 2028
    Forecast: Government Net Debt (MNT bn) 90,114.430 2028 yearly 2006 - 2028
    Forecast: Government Revenue (MNT bn) 39,675.330 2028 yearly 1981 - 2028
    General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 859,511.784 Feb 2024 monthly Dec 1999 - Feb 2024
    General Government Expenditure & NL: ytd: Expenditure (MNT mn) 3,724,681.023 Feb 2024 monthly Dec 1999 - Feb 2024
    General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 646,268.369 Feb 2024 monthly Dec 1999 - Feb 2024
    General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 200,874.250 Feb 2024 monthly Dec 1999 - Feb 2024
    General Government Balance: ytd (MNT mn) 1,342,943.738 Feb 2024 monthly Dec 1999 - Feb 2024
    General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 3,078,412.654 Feb 2024 monthly Dec 1999 - Feb 2024
    General Government Expenditure & NL: ytd: Net Lending (MNT mn) 34,495.933 Feb 2024 monthly Dec 1999 - Feb 2024
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
    Trade Balance (USD mn) 252.4 Feb 2024 monthly Jan 1997 - Feb 2024
    Total Exports (USD mn) 913.0 Feb 2024 monthly Jan 1997 - Feb 2024
    Total Exports Growth (%) 48.0 Apr 2023 monthly Jan 1998 - Apr 2023
    Aluminum: Exports (USD th) 7,160.872 2022 yearly 1995 - 2022
    Exports: Medicament (USD th) 100.343 2022 yearly 1995 - 2022
    Exports: Medicinal and Pharmaceutical Product (USD th) 83.518 2022 yearly 1995 - 2022
    Total Imports (USD mn) 660.6 Feb 2024 monthly Jan 1997 - Feb 2024
    Total Imports Growth (%) 29.6 Feb 2024 monthly Jan 1998 - Feb 2024
    Imports: Medicament (USD th) 140,968.073 2022 yearly 1995 - 2022
    Imports: Medicinal and Pharmaceutical Product (USD th) 71,770.506 2022 yearly 1995 - 2022
    Total Exports to USA (USD mn) 0.307 Feb 2024 monthly Dec 1999 - Feb 2024
    Total Imports from USA (USD mn) 22.150 Feb 2024 monthly Dec 1999 - Feb 2024
    Total Exports to China (USD mn) 1,198.029 Jan 2024 monthly Dec 1999 - Jan 2024
    Total Imports from China (USD mn) 184.224 Feb 2024 monthly Dec 1999 - Feb 2024
    Exports: Live Animals and Products of Animal Origin (USD th) 7,508.623 Feb 2024 monthly Dec 1999 - Feb 2024
    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) 7,249.815 Feb 2024 monthly Dec 1999 - Feb 2024
    Exports: Mineral Products (USD th) 875,134.166 Feb 2024 monthly Dec 1999 - Feb 2024
    Exports: Europe: European Union: ow United Kingdom (USD th) 140.450 Feb 2024 monthly Dec 1999 - Feb 2024
    Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
    Exports: Asia: North Eastern: ow China (USD th) 887,716.060 Feb 2024 monthly Dec 1999 - Feb 2024
    Imports: Base Metals and Articles Thereof (USD th) 35,790.276 Feb 2024 monthly Dec 1999 - Feb 2024
    Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 122,056.008 Feb 2024 monthly Dec 1999 - Feb 2024
    Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 132,229.588 Feb 2024 monthly Dec 1999 - Feb 2024
    Imports: Food Products (USD th) 49,016.319 Feb 2024 monthly Dec 1999 - Feb 2024
    Imports: Mineral Products (USD th) 192,085.521 Feb 2024 monthly Dec 1999 - Feb 2024
    Imports: America: ow USA (USD th) 22,149.732 Feb 2024 monthly Dec 1999 - Feb 2024
    Imports: Asia: North Eastern: ow China (USD th) 184,794.549 Feb 2024 monthly Dec 1999 - Feb 2024
    Imports: Asia: North Eastern: ow Republic of Korea (USD th) 29,531.059 Feb 2024 monthly Dec 1999 - Feb 2024
    Imports: Europe: Others: ow Russian Federation (USD th) 210,974.018 Feb 2024 monthly Dec 1999 - Feb 2024
    Imports: Asia: North Eastern: ow Japan (USD th) 73,506.240 Feb 2024 monthly Dec 1999 - Feb 2024
    Balance of Payments Last Frequency Range
    Direct Investment Abroad (USD mn) 3.3 Feb 2024 monthly Jan 2009 - Feb 2024
    Current Account Balance (USD mn) -144.7 Feb 2024 monthly Jan 2009 - Feb 2024
    Current Account Balance: % of GDP (%) -4.9 Dec 2023 quarterly Mar 2000 - Dec 2023
    Foreign Direct Investment (USD mn) 267.1 Feb 2024 monthly Jan 2009 - Feb 2024
    Foreign Direct Investment: % of GDP (%) 11.6 Dec 2023 quarterly Mar 2000 - Dec 2023
    Foreign Portfolio Investment (USD mn) -509.520 Dec 2023 quarterly Mar 1998 - Dec 2023
    Foreign Portfolio Investment: % of GDP (%) -7.8 Dec 2023 quarterly Mar 2000 - Dec 2023
    Foreign Portfolio Investment: Equity Securities (USD mn) -0.1 Dec 2023 quarterly Mar 1998 - Dec 2023
    Foreign Portfolio Investment: Debt Securities (USD mn) -509.375 Dec 2023 quarterly Mar 1998 - Dec 2023
    External Debt (USD mn) 34,569.8 Dec 2023 quarterly Mar 2000 - Dec 2023
    External Debt: % of GDP (%) 174.0 2023 yearly 1992 - 2023
    External Debt: Short Term (USD mn) 2,388.2 Dec 2023 quarterly Mar 2000 - Dec 2023
    External Debt: Short Term: % of GDP (%) 11.7 2023 yearly 1992 - 2023
    Forecast: Current Account Balance (USD bn) -1.770 2028 yearly 1991 - 2028
    Net International Investment Position (USD mn) -41,852.420 Jun 2023 quarterly Dec 2010 - Jun 2023
    Balance of Payments (BoP): Current Account (CA) (USD mn) -144.653 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: CA: Goods & Services: Goods (USD mn) 142.799 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: CA: Primary Income (USD mn) -148.900 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: CA: Goods & Services: Services (USD mn) -270.867 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: Capital Account (USD mn) 10.392 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: Direct Investment: Asset (USD mn) 3.286 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: Portfolio Investment: Asset (USD mn) 27.697 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: Direct Investment (USD mn) -263.832 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: Financial Derivatives: Asset (USD mn) -2.282 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: Portfolio Investment: Liabilities (USD mn) -5.469 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: Financial Derivatives: Liabilities (USD mn) -0.026 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: CA: Secondary Income (USD mn) 132.315 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: OI: Liabilities (USD mn) -2.388 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: Financial Account (FA) (USD mn) -310.619 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: OI: Asset (USD mn) -80.085 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: Other Investment (OI) (USD mn) -77.698 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: Direct Investment: Liabilities (USD mn) 267.118 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: Portfolio Investment (USD mn) 33.165 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: Net Errors & Omissions (USD mn) -51.244 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: Reserves: Assets (USD mn) 125.115 Feb 2024 monthly Jan 2009 - Feb 2024
    BoP: FA: Financial Derivatives (USD mn) -2.255 Feb 2024 monthly Jan 2009 - Feb 2024
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 7.3 Feb 2024 monthly Dec 1996 - Feb 2024
    Household Debt: % of GDP (%) 22.3 Dec 2023 quarterly Mar 2004 - Dec 2023
    Non-Performing Loans (USD mn) 604.265 Feb 2024 monthly Dec 1996 - Feb 2024
    Money Supply M1 (USD mn) 2,800.237 Feb 2024 monthly Dec 1996 - Feb 2024
    Money Supply M2 (USD mn) 11,119.003 Feb 2024 monthly Dec 1996 - Feb 2024
    M2 Growth (%) 24.3 Feb 2024 monthly Dec 1997 - Feb 2024
    Reserve Requirement Ratio (%) 8.0 Mar 2024 monthly Jan 2005 - Mar 2024
    Foreign Exchange Reserves (USD mn) 4,293.4 Feb 2024 monthly Dec 1992 - Feb 2024
    Foreign Exchange Reserves: % of GDP (%) 21.476 Dec 2023 quarterly Dec 2010 - Dec 2023
    Foreign Exchange Reserves: Months of Import (NA) 6.5 Feb 2024 monthly Jan 1997 - Feb 2024
    Gold Reserves (USD mn) 569.051 Feb 2024 monthly Dec 1980 - Feb 2024
    Total Deposits (USD mn) 6,653.085 Feb 2024 monthly Jan 2000 - Feb 2024
    Total Deposits Growth (%) 20.3 Feb 2024 monthly Jan 2001 - Feb 2024
    Domestic Credit (USD mn) 8,409.9 Feb 2024 monthly Dec 1992 - Feb 2024
    Domestic Credit Growth (%) 12.1 Feb 2024 monthly Dec 1993 - Feb 2024
    Household Debt (USD mn) 4,834.2 Feb 2024 monthly Jan 2004 - Feb 2024
    Total Loans (USD mn) 8,292.988 Feb 2024 monthly Dec 1996 - Feb 2024
    Total Loans Growth (%) 23.91 Feb 2024 monthly Dec 1997 - Feb 2024
    Private Debt: % of Nominal GDP (%) 38.96 Dec 2023 quarterly Dec 2010 - Dec 2023
    Money Supply: M2: M1 (MNT mn) 9,470,094.647 Feb 2024 monthly Dec 1990 - Feb 2024
    International Reserves: Gross (USD mn) 5,249.820 Mar 2024 monthly Jan 2006 - Mar 2024
    Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 2,043,556.267 Feb 2024 monthly Dec 1996 - Feb 2024

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