USD rate have dropped and reached MNT 1972 for the last few weeks. It is expected to be increased again after the election.
USD rate decreased by 1.67 percent in last one month.
Bank of Mongolia (BoM)`s USD rate of June, 2015 was MNT 1910.
BoM held FX auction today:
- Spot trade: Commercial banks bid MNT1955.00-1970.00 for USD2.9 million, asked MNT 1967.18-1969.18 for USD 3.0 million and bid MNT299.20 for CNY0.7 million respectively. The BOM did not accept any offers.
- Swap and forward trade: The BOM accepted the bid offers of USD 146.5 million of MNT swap agreement and bid offers of USD5.0 million of USD swap agreement from commercial banks. The BOM accepted all of the bid offers.
USD rate have dropped and reached MNT 1972 for the last few weeks. It is expected to be increased again after the election.
USD rate decreased by 1.67 percent in last one month.
Bank of Mongolia (BoM)`s USD rate of June, 2015 was MNT 1910.
BoM held FX auction today:
- Spot trade: Commercial banks bid MNT1955.00-1970.00 for USD2.9 million, asked MNT 1967.18-1969.18 for USD 3.0 million and bid MNT299.20 for CNY0.7 million respectively. The BOM did not accept any offers.
- Swap and forward trade: The BOM accepted the bid offers of USD 146.5 million of MNT swap agreement and bid offers of USD5.0 million of USD swap agreement from commercial banks. The BOM accepted all of the bid offers.