According to Bank of Mongolia’s currency exchange rates published on June 19, one USD equaled 2,426.5 MNT. When compared to the exchange rate in March, the USD has appreciated by 33 MNT. Currency appreciation was at its highest last week since the gradual hike beginning in March, with an 11 MNT increase.
The central bank sets and announces official foreign currency exchange rates each day. Financial analysts say that the USD appreciation in Mongolia is a direct result of the USD appreciation against China's yuan.
According to Bank of Mongolia’s currency exchange rates published on June 19, one USD equaled 2,426.5 MNT. When compared to the exchange rate in March, the USD has appreciated by 33 MNT. Currency appreciation was at its highest last week since the gradual hike beginning in March, with an 11 MNT increase.
The central bank sets and announces official foreign currency exchange rates each day. Financial analysts say that the USD appreciation in Mongolia is a direct result of the USD appreciation against China's yuan.