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Economic TimesChina's factory inflation hits 3yr high in May·SCMPIn Malaysia, video of cuddling couple renews debate over public displays of affection·SCMPGold smugglers ‘make a killing’ in India as grey market outshines hefty tariffs·SCMPUS fintech firm iCapital doubles prime office space in Hong Kong amid wealth boom·Bank of JapanCorporate Goods Price Index (May)·Bank of JapanAverage Contract Interest Rates on Loans and Discounts (Apr.)·SCMPUS trade court to Trump administration: speed up tariff refunds·BBCBill debt soars but many don't know help is available·Economic TimesChina's factory inflation hits 3yr high in May·SCMPIn Malaysia, video of cuddling couple renews debate over public displays of affection·SCMPGold smugglers ‘make a killing’ in India as grey market outshines hefty tariffs·SCMPUS fintech firm iCapital doubles prime office space in Hong Kong amid wealth boom·Bank of JapanCorporate Goods Price Index (May)·Bank of JapanAverage Contract Interest Rates on Loans and Discounts (Apr.)·SCMPUS trade court to Trump administration: speed up tariff refunds·BBCBill debt soars but many don't know help is available·
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MNT

Mongolian Tugrik

MNT · Mongolia

40
Moderate
Risk
Historical Scores
374553Jul 2021Jul 2023Jun 2026
What does this mean for you?

The Mongolian Tugrik is in decent shape overall, scoring 40 out of 100. There are some areas to watch, but no immediate danger. Your money is holding its value reasonably well compared to most currencies.

You need at least 7.7%/yr returns. Money in a basic account is slowly losing value. Calculator ↓

Inflation
6.2%
Debt / GDP
43.3%
GDP Growth
5.1%
FX Volatility
1.6
Governance
Not available
Reserves
3.3 mo
Analysis
What's working well
Government debt is low — less pressure to print money
Economy is growing healthily
What to watch out for
Restrictions on moving your money out of the country
The country is spending much more abroad than it earns — relies on foreign money flowing in
Full Mongolia analysis →

Savings Impact Calculator

MNT
Holding cash in MNT6.2% inflation
MNT 740−MNT 260 (26% purchasing power lost)
Your MNT 1,000 buys 26% less in 5 years
What if you invested MNT 1,000 instead? (5yr, in MNT terms)
USD-denominated assets gain an additional ~3.2%/yr from expected MNT depreciation vs USD
Hold USD Cash
MNT 1010
+MNT 10
+0.2%/yr net in MNT
S&P 500
MNT 1859
+MNT 859
range: MNT 868–MNT 3600
10% USD return + 3.2% FX · ±16% vol
Gold
MNT 1700
+MNT 700
range: MNT 504–MNT 4517
8% USD return + 3.2% FX · ±24% vol
Bitcoin
MNT 3463
+MNT 2463
range: MNT 225–MNT 20.1k
25% USD return + 3.2% FX · ±54% vol

All values in MNT. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~3.2%/yr based on the inflation differential between Mongolia (6.2%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how MNT ranks differently.
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