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) 98.5 Dec 2025 monthly Jan 1994 - Dec 2025
    Argentina (2005=100) 58.6 Dec 2025 monthly Jan 1997 - Dec 2025
    Armenia (2005=100) 241.7 Dec 2025 monthly Jan 1997 - Dec 2025
    Australia (2005=100) 104.0 Dec 2025 monthly Jan 1994 - Dec 2025
    Austria (2005=100) 106.1 Jan 2026 monthly Jan 1993 - Jan 2026
    Azerbaijan (2005=100) 143.7 Dec 2025 monthly Jan 2005 - Dec 2025
    Bahrain (2005=100) 92.5 Dec 2025 monthly Jan 1980 - Dec 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) 105.3 Jan 2026 monthly Jan 1993 - Jan 2026
    Bolivia (2005=100) 48.8 Aug 2025 monthly Jan 1991 - Aug 2025
    Bosnia and Herzegovina (2005=100) 98.4 Nov 2025 monthly Jan 2005 - Nov 2025
    Botswana (Dec2018=100) 95.1 Sep 2025 monthly Dec 2009 - Sep 2025
    Brazil (2005=100) 89.3 Nov 2025 monthly Jan 1988 - Nov 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) 106.7 Dec 2025 monthly Jan 1986 - Dec 2025
    China (2005=100) 131.9 Dec 2025 monthly Jan 1994 - Dec 2025
    Colombia (2005=100) 100.3 Dec 2025 monthly Jan 1990 - Dec 2025
    Croatia (2005=100) 106.1 Jan 2026 monthly Jan 1993 - Jan 2026
    Cyprus (2005=100) 90.1 Jan 2026 monthly Jan 1993 - Jan 2026
    Czech Republic (2005=100) 149.2 Oct 2025 monthly Jan 1995 - Oct 2025
    Denmark (2005=100) 98.4 Dec 2025 monthly Jan 1970 - Dec 2025
    Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
    Estonia (2005=100) 145.2 Jan 2026 monthly Jan 1993 - Jan 2026
    European Union (2005=100) 94.7 Jan 2026 monthly Jan 1993 - Jan 2026
    Finland (2005=100) 94.1 Dec 2025 monthly Jan 1993 - Dec 2025
    France (2005=100) 90.8 Jan 2026 monthly Jan 1993 - Jan 2026
    Georgia (2005=100) 127.9 Dec 2025 monthly Dec 1995 - Dec 2025
    Germany (2005=100) 96.8 Dec 2025 monthly Jan 1993 - Dec 2025
    Ghana (2005=100) 87.6 Dec 2025 monthly Dec 1979 - Dec 2025
    Greece (2005=100) 95.9 Jan 2026 monthly Jan 1993 - Jan 2026
    Hong Kong SAR, China (2005=100) 106.4 Dec 2025 monthly Jan 1994 - Dec 2025
    Hungary (2005=100) 96.7 Nov 2025 monthly Jan 1990 - Nov 2025
    Iceland (2005=100) 95.0 Dec 2025 monthly Jan 1979 - Dec 2025
    India (2005=100) 104.7 Dec 2025 monthly Apr 2004 - Dec 2025
    Indonesia (2005=100) 106.2 Dec 2025 monthly Jan 1994 - Dec 2025
    Iran (2005=100) 1,422.0 Dec 2025 monthly Jan 1979 - Dec 2025
    Ireland (2005=100) 86.5 Dec 2025 monthly Jan 1993 - Dec 2025
    Israel (2005=100) 137.2 Dec 2025 monthly Jan 1994 - Dec 2025
    Italy (2005=100) 94.0 Oct 2025 monthly Jan 1993 - Oct 2025
    Ivory Coast (2005=100) 101.0 Dec 2025 monthly Dec 1979 - Dec 2025
    Japan (2005=100) 53.7 Dec 2025 monthly Jan 1970 - Dec 2025
    Kazakhstan (2005=100) 106.4 Dec 2025 monthly Jan 1995 - Dec 2025
    Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
    South Korea (2005=100) 75.0 Dec 2025 monthly Jan 1994 - Dec 2025
    Kosovo (Jan2007=100) 125.4 Dec 2025 monthly Dec 2006 - Dec 2025
    Kyrgyzstan (2005=100) 138.9 Dec 2025 monthly Jan 2000 - Dec 2025
    Latvia (2005=100) 131.7 Jan 2026 monthly Jan 1993 - Jan 2026
    Lithuania (2005=100) 132.6 Dec 2025 monthly Jan 1993 - Dec 2025
    Luxembourg (2005=100) 100.0 Jan 2026 monthly Jan 1993 - Jan 2026
    North Macedonia (2005=100) 113.7 Sep 2025 monthly Jan 1993 - Sep 2025
    Malawi (2010=100) 108.6 Dec 2025 monthly Dec 1979 - Dec 2025
    Malaysia (2005=100) 96.4 Dec 2025 monthly Jan 1994 - Dec 2025
    Malta (2005=100) 99.7 Jan 2026 monthly Jan 1993 - Jan 2026
    Mexico (2005=100) 97.1 Nov 2025 monthly Jan 1968 - Nov 2025
    Moldova (2005=100) 232.9 Dec 2025 monthly Nov 1993 - Dec 2025
    Mongolia (2005=100) 126.8 Sep 2025 monthly Jan 2000 - Sep 2025
    Morocco (2005=100) 95.4 Dec 2025 monthly Jan 1988 - Dec 2025
    Netherlands (2005=100) 100.6 Jan 2026 monthly Jan 1993 - Jan 2026
    New Zealand (2005=100) 93.0 Dec 2025 monthly Jan 1984 - Dec 2025
    Nigeria (2005=100) 109.0 Dec 2025 monthly Dec 1979 - Dec 2025
    Norway (2005=100) 75.3 Dec 2025 monthly Jan 1994 - Dec 2025
    Pakistan (2010=100) 103.7 Dec 2025 monthly Jul 2001 - Dec 2025
    Paraguay (2005=100) 61.6 Nov 2025 monthly Jan 1995 - Nov 2025
    Peru (2005=100) 85.6 Jan 2026 monthly Jan 1991 - Jan 2026
    Philippines (2005=100) 140.4 Jan 2026 monthly Jan 1993 - Jan 2026
    Poland (2005=100) 120.4 Dec 2025 monthly Jan 1994 - Dec 2025
    Portugal (2005=100) 94.6 Jan 2026 monthly Jan 1993 - Jan 2026
    Romania (2005=100) 121.4 Dec 2025 monthly Jan 1994 - Dec 2025
    Russia (2005=100) 116.7 Dec 2025 monthly Jan 1994 - Dec 2025
    Saudi Arabia (2005=100) 124.1 Dec 2025 monthly Jan 1994 - Dec 2025
    Serbia (2005=100) 146.7 Dec 2025 monthly Jan 2002 - Dec 2025
    Singapore (2005=100) 136.0 Dec 2025 monthly Jan 1994 - Dec 2025
    Slovakia (2005=100) 142.4 Jan 2026 monthly Jan 1993 - Jan 2026
    Slovenia (2005=100) 102.6 Dec 2025 monthly Jan 1993 - Dec 2025
    South Africa (2005=100) 91.9 Nov 2025 monthly Jan 1970 - Nov 2025
    Spain (2005=100) 99.6 Dec 2025 monthly Jan 1993 - Dec 2025
    Sri Lanka (2017=100) 71.3 Dec 2025 monthly Jan 2013 - Dec 2025
    Sweden (2005=100) 82.7 Dec 2025 monthly Jan 1994 - Dec 2025
    Switzerland (2005=100) 117.3 Jan 2026 monthly Jan 1973 - Jan 2026
    Taiwan, China (2005=100) 92.5 Dec 2025 monthly Jan 1994 - Dec 2025
    Thailand (2005=100) 127.1 Dec 2025 monthly Jan 1994 - Dec 2025
    Tunisia (2005=100) 88.1 Dec 2025 monthly Jan 1979 - Dec 2025
    Turkey (2005=100) 65.1 Jan 2026 monthly Jan 1994 - Jan 2026
    Ukraine (2005=100) 83.8 Dec 2025 monthly Dec 1992 - Dec 2025
    United Arab Emirates (2005=100) 121.3 Dec 2025 monthly Jan 1994 - Dec 2025
    United Kingdom (2005=100) 88.9 Dec 2025 monthly Jan 1994 - Dec 2025
    United States (Jan2006=100) 113.5 Jan 2026 monthly Jan 2006 - Jan 2026
    Uruguay (2005=100) 44.6 Dec 2025 monthly Jan 2000 - Dec 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) 152.759 Dec 2025 monthly Jan 2000 - Dec 2025
    Tax Revenue (USD mn) 804.827 Dec 2025 monthly Jan 2000 - Dec 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) 7,090,434.100 Dec 2025 monthly Dec 1999 - Dec 2025
    General Government Expenditure & NL: ytd: Net Lending (MNT mn) 12,305.900 Dec 2025 monthly Dec 1999 - Dec 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: Current (MNT mn) 24,186,464.300 Dec 2025 monthly Dec 1999 - Dec 2025
    General Government Balance: ytd (MNT mn) -1,231,538.700 Dec 2025 monthly Dec 1999 - Dec 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) 906.5 Jan 2026 monthly Jan 1997 - Jan 2026
    Total Exports (USD mn) 1,749.4 Jan 2026 monthly Jan 1997 - Jan 2026
    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) 843.0 Jan 2026 monthly Jan 1997 - Jan 2026
    Total Imports Growth (%) -12.6 Jan 2026 monthly Jan 1998 - Jan 2026
    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) 41.548 Jan 2026 monthly Dec 1999 - Jan 2026
    Total Imports from USA (USD mn) 18.390 Jan 2026 monthly Dec 1999 - Jan 2026
    Total Exports to China (USD mn) 1,553.741 Jan 2026 monthly Dec 1999 - Jan 2026
    Total Imports from China (USD mn) 311.636 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Live Animals and Products of Animal Origin (USD th) 7,944.969 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Textiles and Textile Articles (USD th) 15,563.220 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Mineral Products (USD th) 1,507,033.301 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Europe: European Union: ow United Kingdom (USD th) 322.384 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Asia: North Eastern: ow China (USD th) 1,555,704.189 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 108,940.104 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Mineral Products (USD th) 258,396.771 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 182,826.293 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Base Metals and Articles Thereof (USD th) 56,517.566 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Food Products (USD th) 60,185.922 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: America: ow USA (USD th) 18,389.955 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Asia: North Eastern: ow Japan (USD th) 74,918.823 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Asia: North Eastern: ow China (USD th) 313,092.200 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Europe: Others: ow Russian Federation (USD th) 262,400.155 Jan 2026 monthly Dec 1999 - Jan 2026
    Imports: Asia: North Eastern: ow Republic of Korea (USD th) 22,974.082 Jan 2026 monthly Dec 1999 - Jan 2026
    Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
    Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
    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) 8.8 Dec 2025 monthly Jan 2009 - Dec 2025
    Current Account Balance (USD mn) 399.4 Dec 2025 monthly Jan 2009 - Dec 2025
    Current Account Balance: % of GDP (%) -4.1 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Direct Investment (USD mn) -192.1 Dec 2025 monthly Jan 2009 - Dec 2025
    Foreign Direct Investment: % of GDP (%) 15.6 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Portfolio Investment (USD mn) 198.065 Dec 2025 quarterly Mar 1998 - Dec 2025
    Foreign Portfolio Investment: % of GDP (%) 10.7 Sep 2025 quarterly Mar 2000 - Sep 2025
    Foreign Portfolio Investment: Equity Securities (USD mn) -1.4 Dec 2025 quarterly Mar 1998 - Dec 2025
    Foreign Portfolio Investment: Debt Securities (USD mn) 199.417 Dec 2025 quarterly Mar 1998 - Dec 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) -4.078 2030 yearly 1991 - 2030
    Net International Investment Position (USD mn) -45,651.362 Sep 2025 quarterly Dec 2010 - Sep 2025
    Balance of Payments (BoP): Current Account (CA) (USD mn) 399.399 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: CA: Goods & Services: Goods (USD mn) 945.222 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: CA: Primary Income (USD mn) -195.297 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: CA: Goods & Services: Services (USD mn) -364.558 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: CA: Secondary Income (USD mn) 14.031 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: Capital Account (USD mn) 14.776 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: Financial Account (FA) (USD mn) -257.706 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Direct Investment (USD mn) 200.846 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Portfolio Investment (USD mn) -126.175 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Direct Investment: Liabilities (USD mn) -192.079 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Portfolio Investment: Asset (USD mn) -21.622 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Portfolio Investment: Liabilities (USD mn) 104.553 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Financial Derivatives: Asset (USD mn) -1.792 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Financial Derivatives (USD mn) -2.667 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Financial Derivatives: Liabilities (USD mn) 0.875 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Other Investment (OI) (USD mn) -329.709 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: Direct Investment: Asset (USD mn) 8.767 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: OI: Asset (USD mn) -366.607 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: FA: OI: Liabilities (USD mn) -36.898 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: Net Errors & Omissions (USD mn) 296.701 Dec 2025 monthly Jan 2009 - Dec 2025
    BoP: Reserves: Assets (USD mn) 968.581 Dec 2025 monthly Jan 2009 - Dec 2025
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 5.1 Dec 2025 monthly Dec 1996 - Dec 2025
    Household Debt: % of GDP (%) 29.7 Sep 2025 quarterly Mar 2004 - Sep 2025
    Non-Performing Loans (USD mn) 626.061 Dec 2025 monthly Dec 1996 - Dec 2025
    Money Supply M1 (USD mn) 3,156.475 Dec 2025 monthly Dec 1996 - Dec 2025
    Money Supply M2 (USD mn) 13,232.638 Dec 2025 monthly Dec 1996 - Dec 2025
    M2 Growth (%) 8.8 Dec 2025 monthly Dec 1997 - Dec 2025
    Reserve Requirement Ratio (%) 13.0 Jan 2026 monthly Jan 2005 - Jan 2026
    Foreign Exchange Reserves (USD mn) 5,330.6 Jan 2026 monthly Dec 1992 - Jan 2026
    Foreign Exchange Reserves: % of GDP (%) 19.853 Sep 2025 quarterly Dec 2010 - Sep 2025
    Foreign Exchange Reserves: Months of Import (NA) 6.3 Jan 2026 monthly Jan 1997 - Jan 2026
    Gold Reserves (USD mn) 1,310.238 Jan 2026 monthly Dec 1980 - Jan 2026
    Total Deposits (USD mn) 8,470.331 Nov 2025 monthly Jan 2000 - Nov 2025
    Total Deposits Growth (%) 17.6 Nov 2025 monthly Jan 2001 - Nov 2025
    Domestic Credit (USD mn) 12,170.3 Dec 2025 monthly Dec 1991 - Dec 2025
    Domestic Credit Growth (%) 22.5 Dec 2025 monthly Dec 1992 - Dec 2025
    Household Debt (USD mn) 7,299.2 Dec 2025 monthly Jan 2004 - Dec 2025
    Total Loans (USD mn) 12,382.569 Dec 2025 monthly Dec 1996 - Dec 2025
    Total Loans Growth (%) 18.87 Dec 2025 monthly Dec 1997 - Dec 2025
    Private Debt: % of Nominal GDP (%) 49.12 Sep 2025 quarterly Dec 2010 - Sep 2025
    International Reserves: Gross (USD mn) 6,737.650 Jan 2026 monthly Jan 2006 - Jan 2026
    Money Supply: M2: M1 (MNT mn) 11,226,982.066 Dec 2025 monthly Dec 1990 - Dec 2025
    Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 2,226,780.699 Dec 2025 monthly Dec 1996 - Dec 2025
    Deposits (MNT tn) 31.800 Dec 2025 monthly Jan 2000 - Dec 2025
    Deposits: Corporate (MNT tn) 6.400 Dec 2025 monthly May 2018 - Dec 2025
    Deposits: Individual (MNT tn) 25.400 Dec 2025 monthly May 2018 - Dec 2025

    More Indicators for Mongolia

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