Mongolia Real Effective Exchange Rate

2000 - 2024 | 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 126.5 in Nov 2024, compared with the number of 122.5 in the previous month.
  • Mongolia Real Effective Exchange Rate data is updated monthly and averaged 131.9 from Jan 2000 to Nov 2024.
  • 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 10.0 % pa in Dec 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 Nov 2024 in the chart:

    Mongolia Real Effective Exchange Rate

    What was Mongolia's Real Effective Exchange Rate in Nov 2024?

    Mongolia Real Effective Exchange Rate (REER: 2005=100: Month Avg: Mongolia) was 126.5 in Nov 2024, compared with the number of 122.5 in the previous month. See the table below for more data.

    Last Previous Min Max Unit Frequency Range
    126.5 Nov 2024 122.5 Oct 2024 93.0 Dec 2004 131.9 Jun 2012 2005=100 monthly Jan 2000 - Nov 2024

    Real Effective Exchange Rate by Country Comparison

    country/region Last Frequency Range
    Algeria (2005=100) 106.1 Dec 2024 monthly Jan 1994 - Dec 2024
    Argentina (2005=100) 49.3 Jan 2025 monthly Jan 1997 - Jan 2025
    Armenia (2005=100) 247.1 Nov 2024 monthly Jan 1997 - Nov 2024
    Australia (2005=100) 101.3 Dec 2024 monthly Jan 1994 - Dec 2024
    Austria (2005=100) 102.8 Jan 2025 monthly Jan 1993 - Jan 2025
    Azerbaijan (2005=100) 155.3 Dec 2024 monthly Jan 2005 - Dec 2024
    Bahrain (2005=100) 95.5 Dec 2024 monthly Jan 1980 - Dec 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) 102.2 Jan 2025 monthly Jan 1993 - Jan 2025
    Bolivia (2005=100) 55.7 Nov 2024 monthly Jan 1991 - Nov 2024
    Bosnia and Herzegovina (2005=100) 96.7 Nov 2024 monthly Jan 2005 - Nov 2024
    Botswana (Dec2018=100) 97.1 Aug 2023 monthly Dec 2009 - Aug 2023
    Brazil (2005=100) 81.4 Nov 2024 monthly Jan 1988 - Nov 2024
    Bulgaria (2005=100) 129.1 Nov 2024 monthly Jan 1993 - Nov 2024
    Canada (2005=100) 88.4 Dec 2024 monthly Jan 1999 - Dec 2024
    Chile (2005=100) 228.5 Jan 2025 monthly Jan 1986 - Jan 2025
    China (2005=100) 135.5 Dec 2024 monthly Jan 1994 - Dec 2024
    Colombia (2005=100) 116.8 Dec 2024 monthly Jan 1990 - Dec 2024
    Croatia (2005=100) 103.2 Jan 2025 monthly Jan 1993 - Jan 2025
    Cyprus (2005=100) 89.9 Jan 2025 monthly Jan 1993 - Jan 2025
    Czech Republic (2005=100) 152.4 May 2023 monthly Jan 1995 - May 2023
    Denmark (2005=100) 95.9 Dec 2024 monthly Jan 1970 - Dec 2024
    Ecuador (2007=100) 110.3 Nov 2017 monthly Jan 2011 - Nov 2017
    Estonia (2005=100) 142.5 Jan 2025 monthly Jan 1993 - Jan 2025
    European Union (2005=100) 90.2 Jan 2025 monthly Jan 1993 - Jan 2025
    Finland (2005=100) 92.8 Jan 2025 monthly Jan 1993 - Jan 2025
    France (2005=100) 89.6 Jan 2025 monthly Jan 1993 - Jan 2025
    Georgia (2005=100) 132.6 Dec 2024 monthly Dec 1995 - Dec 2024
    Germany (2005=100) 94.0 Jan 2025 monthly Jan 1993 - Jan 2025
    Ghana (2005=100) 65.8 Dec 2024 monthly Dec 1979 - Dec 2024
    Greece (2005=100) 92.5 Jan 2025 monthly Jan 1993 - Jan 2025
    Hong Kong SAR, China (2005=100) 111.2 Dec 2024 monthly Jan 1994 - Dec 2024
    Hungary (2005=100) 105.3 Nov 2024 monthly Jan 1990 - Nov 2024
    Iceland (2005=100) 92.6 Dec 2024 monthly Jan 1979 - Dec 2024
    India (2005=100) 117.8 Dec 2024 monthly Apr 2004 - Dec 2024
    Indonesia (2005=100) 113.4 Dec 2024 monthly Jan 1994 - Dec 2024
    Iran (2005=100) 960.1 Dec 2024 monthly Jan 1979 - Dec 2024
    Ireland (2005=100) 81.9 Jan 2025 monthly Jan 1993 - Jan 2025
    Israel (2005=100) 127.9 Dec 2024 monthly Jan 1994 - Dec 2024
    Italy (2005=100) 94.5 Jun 2023 monthly Jan 1993 - Jun 2023
    Ivory Coast (2005=100) 96.3 Dec 2024 monthly Dec 1979 - Dec 2024
    Japan (2005=100) 55.6 Dec 2024 monthly Jan 1970 - Dec 2024
    Kazakhstan (2005=100) 101.1 Oct 2024 monthly Jan 1995 - Oct 2024
    Kenya (2005=100) 73.5 Aug 2015 monthly Oct 1997 - Aug 2015
    South Korea (2005=100) 79.1 Dec 2024 monthly Jan 1994 - Dec 2024
    Kosovo (Jan2007=100) 118.8 Dec 2024 monthly Dec 2006 - Dec 2024
    Kyrgyzstan (2005=100) 146.7 Dec 2024 monthly Jan 2000 - Dec 2024
    Latvia (2005=100) 130.4 Jan 2025 monthly Jan 1993 - Jan 2025
    Lithuania (2005=100) 130.6 Jan 2025 monthly Jan 1993 - Jan 2025
    Luxembourg (2005=100) 96.4 Jan 2025 monthly Jan 1993 - Jan 2025
    North Macedonia (2005=100) 111.5 May 2023 monthly Jan 1993 - May 2023
    Malawi (2010=100) 91.5 Dec 2024 monthly Dec 1979 - Dec 2024
    Malaysia (2005=100) 91.8 Dec 2024 monthly Jan 1994 - Dec 2024
    Malta (2005=100) 96.0 Jan 2025 monthly Jan 1993 - Jan 2025
    Mexico (2005=100) 102.8 Nov 2024 monthly Jan 1968 - Nov 2024
    Moldova (2005=100) 250.2 Dec 2024 monthly Nov 1993 - Dec 2024
    Mongolia (2005=100) 126.5 Nov 2024 monthly Jan 2000 - Nov 2024
    Morocco (2005=100) 99.9 Dec 2024 monthly Jan 1988 - Dec 2024
    Netherlands (2005=100) 96.9 Jan 2025 monthly Jan 1993 - Jan 2025
    New Zealand (2005=100) 94.5 Dec 2024 monthly Jan 1984 - Dec 2024
    Nigeria (2005=100) 81.6 Dec 2024 monthly Dec 1979 - Dec 2024
    Norway (2005=100) 73.0 Dec 2024 monthly Jan 1994 - Dec 2024
    Pakistan (2010=100) 103.7 Dec 2024 monthly Jan 2013 - Dec 2024
    Paraguay (2005=100) 69.3 Nov 2024 monthly Jan 1995 - Nov 2024
    Peru (2005=100) 90.3 Jan 2025 monthly Jan 1991 - Jan 2025
    Philippines (2005=100) 148.9 Jan 2025 monthly Jan 1993 - Jan 2025
    Poland (2005=100) 116.2 Dec 2024 monthly Jan 1994 - Dec 2024
    Portugal (2005=100) 92.7 Jan 2025 monthly Jan 1993 - Jan 2025
    Romania (2005=100) 113.7 Dec 2024 monthly Jan 1994 - Dec 2024
    Russia (2005=100) 92.3 Dec 2024 monthly Jan 1994 - Dec 2024
    Saudi Arabia (2005=100) 128.9 Dec 2024 monthly Jan 1994 - Dec 2024
    Serbia (2005=100) 143.0 Dec 2024 monthly Jan 2002 - Dec 2024
    Singapore (2005=100) 135.7 Dec 2024 monthly Jan 1994 - Dec 2024
    Slovakia (2005=100) 138.2 Jan 2025 monthly Jan 1993 - Jan 2025
    Slovenia (2005=100) 99.9 Jan 2025 monthly Jan 1993 - Jan 2025
    South Africa (2005=100) 90.1 Nov 2024 monthly Jan 1970 - Nov 2024
    Spain (2005=100) 96.1 Jan 2025 monthly Jan 1993 - Jan 2025
    Sri Lanka (2017=100) 76.5 Dec 2024 monthly Jan 2013 - Dec 2024
    Sweden (2005=100) 77.6 Dec 2024 monthly Jan 1994 - Dec 2024
    Switzerland (2005=100) 113.0 Jan 2025 monthly Jan 1973 - Jan 2025
    Taiwan (2005=100) 92.8 Dec 2024 monthly Jan 1994 - Dec 2024
    Thailand (2005=100) 124.3 Dec 2024 monthly Jan 1994 - Dec 2024
    Tunisia (2005=100) 86.9 Dec 2024 monthly Jan 1979 - Dec 2024
    Turkey (2005=100) 66.9 Jan 2025 monthly Jan 1994 - Jan 2025
    Ukraine (2005=100) 87.7 Dec 2024 monthly Dec 1992 - Dec 2024
    United Arab Emirates (2005=100) 128.2 Dec 2024 monthly Jan 1994 - Dec 2024
    United Kingdom (2005=100) 89.4 Dec 2024 monthly Jan 1994 - Dec 2024
    United States (Jan2006=100) 122.4 Jan 2025 monthly Jan 2006 - Jan 2025
    Uruguay (2005=100) 49.0 Dec 2024 monthly Jan 2000 - Dec 2024
    Venezuela (2005=100) 0.8 Feb 2019 monthly Jan 1994 - Feb 2019
    Zambia (2005=100) 127.5 Sep 2024 monthly Jan 2013 - Sep 2024

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    Mongolia Key Series

    Government and Public Finance Last Frequency Range
    Consolidated Fiscal Balance: % of GDP (%) 0.1 Sep 2024 quarterly Dec 2000 - Sep 2024
    Consolidated Fiscal Balance (USD mn) -628.684 Dec 2024 monthly Jan 2000 - Dec 2024
    Tax Revenue (USD mn) 721.583 Dec 2024 monthly Jan 2000 - Dec 2024
    Tax Revenue: % of GDP (%) 29.0 Sep 2024 quarterly Mar 2000 - Sep 2024
    Government Debt: % of GDP (%) 59.4 Dec 2021 quarterly Dec 2017 - Dec 2021
    Forecast: Government Expenditure (MNT bn) 56,654.300 2029 yearly 1981 - 2029
    Forecast: Government Net Debt (MNT bn) 73,520.949 2029 yearly 2006 - 2029
    Forecast: Government Revenue (MNT bn) 53,969.915 2029 yearly 1981 - 2029
    General Government Expenditure & NL: ytd: Expenditure: Capital (MNT mn) 7,924,167.600 Dec 2024 monthly Dec 1999 - Dec 2024
    General Government Expenditure & NL: ytd: Net Lending (MNT mn) 374,394.900 Dec 2024 monthly Dec 1999 - Dec 2024
    General Government Balance: ytd (MNT mn) -776,199.100 Dec 2024 monthly Dec 1999 - Dec 2024
    General Government Revenue & Grants: ytd: Tax: Value Added Tax (MNT mn) 5,864,349.300 Dec 2024 monthly Dec 1999 - Dec 2024
    General Government Expenditure & NL: ytd: Expenditure: Current (MNT mn) 22,066,910.300 Dec 2024 monthly Dec 1999 - Dec 2024
    General Government Revenue & Grants: ytd: Tax: Excises (MNT mn) 1,098,197.500 Dec 2024 monthly Dec 1999 - Dec 2024
    General Government Expenditure & NL: ytd: Expenditure (MNT mn) 24,369,619.528 Nov 2024 monthly Dec 1999 - Nov 2024
    Foreign Trade Last Frequency Range
    Forecast: Exports of Goods Growth (%) 1.185 2028 yearly 1981 - 2028
    Trade Balance (USD mn) 159.3 Dec 2024 monthly Jan 1997 - Dec 2024
    Total Exports (USD mn) 1,184.4 Dec 2024 monthly Jan 1997 - Dec 2024
    Total Exports Growth (%) 48.0 Apr 2023 monthly Jan 1998 - Apr 2023
    Aluminum: Exports (USD th) 14,124.169 2023 yearly 1995 - 2023
    Exports: Medicament (USD th) 104.261 2023 yearly 1995 - 2023
    Exports: Medicinal and Pharmaceutical Product (USD th) 4,949.388 2023 yearly 1995 - 2023
    Total Imports (USD mn) 1,025.1 Dec 2024 monthly Jan 1997 - Dec 2024
    Total Imports Growth (%) 17.2 Dec 2024 monthly Jan 1998 - Dec 2024
    Imports: Medicament (USD th) 149,447.781 2023 yearly 1995 - 2023
    Imports: Medicinal and Pharmaceutical Product (USD th) 98,630.694 2023 yearly 1995 - 2023
    Total Exports to USA (USD mn) 1.239 Dec 2024 monthly Dec 1999 - Dec 2024
    Total Imports from USA (USD mn) 58.878 Dec 2024 monthly Dec 1999 - Dec 2024
    Total Exports to China (USD mn) 1,094.322 Dec 2024 monthly Dec 1999 - Dec 2024
    Total Imports from China (USD mn) 383.672 Dec 2024 monthly Dec 1999 - Dec 2024
    Exports: Live Animals and Products of Animal Origin (USD th) 17,462.446 Dec 2024 monthly Dec 1999 - Dec 2024
    Exports: Textiles and Textile Articles (USD th) 15,103.405 Dec 2024 monthly Dec 1999 - Dec 2024
    Exports: Mineral Products (USD th) 1,044,784.075 Dec 2024 monthly Dec 1999 - Dec 2024
    Exports: Base Metals and Articles Thereof (USD th) 5,374.900 Mar 2019 monthly Dec 1999 - Mar 2019
    Exports: Europe: European Union: ow United Kingdom (USD th) 959.147 Dec 2024 monthly Dec 1999 - Dec 2024
    Exports: Asia: North Eastern: ow China (USD th) 1,094,610.483 Dec 2024 monthly Dec 1999 - Dec 2024
    Exports: America: USA (USD th) 486.100 Dec 2018 monthly Dec 1999 - Dec 2018
    Imports: Auto, Air and Water Transport Vehicles and Their Spare Parts (USD th) 170,345.118 Dec 2024 monthly Dec 1999 - Dec 2024
    Imports: Machinery, Equipment, Electric Appliances, Recorders, TV Sets and Spare... (USD th) 265,316.173 Dec 2024 monthly Dec 1999 - Dec 2024
    Imports: Base Metals and Articles Thereof (USD th) 55,298.623 Dec 2024 monthly Dec 1999 - Dec 2024
    Imports: Food Products (USD th) 79,897.146 Dec 2024 monthly Dec 1999 - Dec 2024
    Imports: Mineral Products (USD th) 240,801.861 Dec 2024 monthly Dec 1999 - Dec 2024
    Imports: America: ow USA (USD th) 58,878.256 Dec 2024 monthly Dec 1999 - Dec 2024
    Imports: Europe: Others: ow Russian Federation (USD th) 279,688.820 Dec 2024 monthly Dec 1999 - Dec 2024
    Imports: Asia: North Eastern: ow China (USD th) 385,098.646 Dec 2024 monthly Dec 1999 - Dec 2024
    Imports: Asia: North Eastern: ow Republic of Korea (USD th) 39,562.233 Dec 2024 monthly Dec 1999 - Dec 2024
    Imports: Asia: North Eastern: ow Japan (USD th) 73,689.099 Dec 2024 monthly Dec 1999 - Dec 2024
    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) 8.6 Dec 2024 monthly Jan 2009 - Dec 2024
    Current Account Balance (USD mn) -759.9 Dec 2024 monthly Jan 2009 - Dec 2024
    Current Account Balance: % of GDP (%) -14.1 Sep 2024 quarterly Mar 2000 - Sep 2024
    Foreign Direct Investment (USD mn) 504.0 Dec 2024 monthly Jan 2009 - Dec 2024
    Foreign Direct Investment: % of GDP (%) 9.7 Sep 2024 quarterly Mar 2000 - Sep 2024
    Foreign Portfolio Investment (USD mn) 857.589 Dec 2024 quarterly Mar 1998 - Dec 2024
    Foreign Portfolio Investment: % of GDP (%) 1.0 Sep 2024 quarterly Mar 2000 - Sep 2024
    Foreign Portfolio Investment: Equity Securities (USD mn) -3.1 Dec 2024 quarterly Mar 1998 - Dec 2024
    Foreign Portfolio Investment: Debt Securities (USD mn) 860.696 Dec 2024 quarterly Mar 1998 - Dec 2024
    External Debt (USD mn) 34,867.3 Jun 2024 quarterly Mar 2000 - Jun 2024
    External Debt: % of GDP (%) 170.1 2023 yearly 1992 - 2023
    External Debt: Short Term (USD mn) 1,888.9 Jun 2024 quarterly Mar 2000 - Jun 2024
    External Debt: Short Term: % of GDP (%) 9.3 2023 yearly 1992 - 2023
    Forecast: Current Account Balance (USD bn) -3.388 2029 yearly 1991 - 2029
    Net International Investment Position (USD mn) -42,853.261 Sep 2024 quarterly Dec 2010 - Sep 2024
    Balance of Payments (BoP): Current Account (CA) (USD mn) -759.943 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: CA: Goods & Services: Goods (USD mn) 16.388 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: CA: Goods & Services: Services (USD mn) -540.009 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: CA: Primary Income (USD mn) -234.379 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: Financial Account (FA) (USD mn) -1,305.345 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: Capital Account (USD mn) 28.568 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: Direct Investment (USD mn) -495.353 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: Direct Investment: Asset (USD mn) 8.627 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: Direct Investment: Liabilities (USD mn) 503.980 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: Portfolio Investment: Asset (USD mn) -10.459 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: Portfolio Investment (USD mn) -393.403 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: CA: Secondary Income (USD mn) -1.943 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: Portfolio Investment: Liabilities (USD mn) 382.944 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: Financial Derivatives: Asset (USD mn) 4.178 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: Financial Derivatives (USD mn) 2.154 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: Financial Derivatives: Liabilities (USD mn) 2.024 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: OI: Asset (USD mn) -87.292 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: Other Investment (OI) (USD mn) -418.743 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: FA: OI: Liabilities (USD mn) 331.451 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: Reserves: Assets (USD mn) 584.662 Dec 2024 monthly Jan 2009 - Dec 2024
    BoP: Net Errors & Omissions (USD mn) 10.692 Dec 2024 monthly Jan 2009 - Dec 2024
    Monetary Last Frequency Range
    Non Performing Loans Ratio (%) 5.1 Dec 2024 monthly Dec 1996 - Dec 2024
    Household Debt: % of GDP (%) 26.4 Sep 2024 quarterly Mar 2004 - Sep 2024
    Non-Performing Loans (USD mn) 547.776 Dec 2024 monthly Dec 1996 - Dec 2024
    Money Supply M1 (USD mn) 3,416.896 Dec 2024 monthly Dec 1996 - Dec 2024
    Money Supply M2 (USD mn) 12,669.044 Dec 2024 monthly Dec 1996 - Dec 2024
    M2 Growth (%) 15.2 Dec 2024 monthly Dec 1997 - Dec 2024
    Reserve Requirement Ratio (%) 11.0 Jan 2025 monthly Jan 2005 - Jan 2025
    Foreign Exchange Reserves (USD mn) 4,233.3 Nov 2024 monthly Dec 1992 - Nov 2024
    Foreign Exchange Reserves: % of GDP (%) 17.057 Sep 2024 quarterly Dec 2010 - Sep 2024
    Foreign Exchange Reserves: Months of Import (NA) 4.3 Nov 2024 monthly Jan 1997 - Nov 2024
    Gold Reserves (USD mn) 633.572 Nov 2024 monthly Dec 1980 - Nov 2024
    Total Deposits (USD mn) 7,864.439 Dec 2024 monthly Jan 2000 - Dec 2024
    Total Deposits Growth (%) 21.7 Dec 2024 monthly Jan 2001 - Dec 2024
    Domestic Credit (USD mn) 10,332.8 Dec 2024 monthly Dec 1992 - Dec 2024
    Domestic Credit Growth (%) 21.4 Dec 2024 monthly Dec 1993 - Dec 2024
    Household Debt (USD mn) 6,419.1 Dec 2024 monthly Jan 2004 - Dec 2024
    Total Loans (USD mn) 10,831.840 Dec 2024 monthly Dec 1996 - Dec 2024
    Total Loans Growth (%) 35.31 Dec 2024 monthly Dec 1997 - Dec 2024
    Private Debt: % of Nominal GDP (%) 43.25 Sep 2024 quarterly Dec 2010 - Sep 2024
    Money Supply: M2: M1 (MNT mn) 11,687,354.485 Dec 2024 monthly Dec 1990 - Dec 2024
    International Reserves: Gross (USD mn) 4,964.960 Nov 2024 monthly Jan 2006 - Nov 2024
    Deposits (MNT tn) 26.900 Dec 2024 monthly Jan 2000 - Dec 2024
    Deposits: Corporate (MNT tn) 4.500 Dec 2024 monthly May 2018 - Dec 2024
    Deposits: Individual (MNT tn) 22.400 Dec 2024 monthly May 2018 - Dec 2024
    Loans: Outstanding Amounts: Non Performing Loans (MNT mn) 1,873,645.763 Dec 2024 monthly Dec 1996 - Dec 2024

    More Indicators for Mongolia

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