A national banknote rate has been weakening last 5 years by approximately 2, 4 percent. However, it weakened by only 1 percent in 2005. In the beginning of 2005, the banknote rate was strutted. At was caused by favorable condition on external trade, increase on foreign direct investment and personal remittance. At the end of 2005, US dollar rate reached at 1221 tugrigs, previous year. The average US dollar rate will be reached at 1205 tugrigs.
Cor current rate, see rate of Bank of Mongolia (central bank).
Entry filed under: Exchanges rate.