The Mongolian Tugrik Shows Growth Against Major Currencies Compared to the Previous Month
In the same month, the average exchange rate of the tugrik against the euro was 4128.71 tugriks, which represents a decrease of 498.2 tugriks compared to last year, but at the same time, an increase of 52.3 tugriks compared to the previous month.
According to data from the National Statistical Office of Mongolia, the exchange rate of the tugrik to the Russian ruble for November was 44.42 tugriks, indicating a depreciation of 10.4 tugriks year-on-year; however, there was a slight appreciation of 0.01 tugrik compared to the previous month.
Additionally, the exchange rate of the tugrik against the Chinese yuan last month was 502.37 tugriks, which is 28.7 tugriks lower than in the same month last year, but 2.1 tugriks higher than in the month preceding this one.
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