USD exchange rate by country: the latest data

* indicates monthly or quarterly data series
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* indicates monthly or quarterly data series
The amount of local currency units that can be exchanged for one USD. An increase (decrease) means USD appreciation (depreciation). The values are monthly averages of the daily exchange rates provided by Google Finance.



Countries Latest value Reference Change three months Change twelve months
Afghanistan 71.1440 May / 2024 -2.46% -18.69%
Albania 92.7019 May / 2024 -3.60% -9.33%
Algeria 134.4604 May / 2024 -0.06% -1.13%
Andorra 0.9228 May / 2024 -0.40% 0.29%
Angola 846.1397 May / 2024 1.76% 59.65%
Antigua and Barbuda 2.7026 May / 2024 0.00% 0.00%
Argentina 888.1566 May / 2024 6.50% 284.58%
Armenia 386.8419 May / 2024 -4.29% 0.24%
Aruba 1.8014 May / 2024 0.03% 0.01%
Australia 1.5052 May / 2024 -1.77% -0.05%
Austria 0.9228 May / 2024 -0.40% 0.29%
Azerbaijan 1.7000 May / 2024 0.00% 0.00%
Bahamas 0.9993 May / 2024 -0.06% -0.02%
Bahrain 0.3766 May / 2024 -0.08% -0.03%
Bangladesh 117.0785 May / 2024 6.71% 9.32%
Barbados 2.0167 May / 2024 -0.06% -0.04%
Belarus 3.2703 May / 2024 -0.06% 29.60%
Belgium 0.9228 May / 2024 -0.40% 0.29%
Belize 2.0133 May / 2024 -0.06% -0.02%
Benin 605.1985 May / 2024 -0.31% 0.40%
Bermuda 1.0000 May / 2024 0.00% 0.00%
Bhutan 83.3311 May / 2024 0.43% 1.23%
Bolivia 6.9011 May / 2024 -0.07% -0.02%
Bosnia and Herzegovina 1.8042 May / 2024 -0.36% 0.31%
Botswana 13.5630 May / 2024 -1.08% 0.62%
Brazil 5.1483 May / 2024 3.67% 3.45%
Brunei 1.3485 May / 2024 0.31% 0.73%
Bulgaria 1.8041 May / 2024 -0.44% 0.24%
Burkina Faso 605.1985 May / 2024 -0.31% 0.40%
Burma (Myanmar) 2098.3941 May / 2024 -0.06% -0.02%
Burundi 2873.6810 May / 2024 0.45% 15.93%
Cambodia 4075.7691 May / 2024 -0.13% -0.96%
Cameroon 605.1204 May / 2024 -0.41% 0.31%
Canada 1.3656 May / 2024 1.20% 0.99%
Cape Verde 101.9395 May / 2024 -0.40% 0.15%
Central African Republic 605.1204 May / 2024 -0.41% 0.31%
Chad 605.1204 May / 2024 -0.41% 0.31%
Chile 906.5630 May / 2024 -6.19% 13.55%
China 7.1918 May / 2024 0.58% 2.91%
Colombia 3852.9151 May / 2024 -1.91% -15.22%
Comoros 455.0338 May / 2024 -0.51% 0.34%
Costa Rica 512.9363 May / 2024 -0.49% -4.51%
Croatia 0.9228 May / 2024 -0.40% 0.29%
Cuba 120.4819 May / 2024 406.02% 406.02%
Cyprus 0.9228 May / 2024 -0.40% 0.29%
Czechia 22.8300 May / 2024 -2.39% 5.02%
Democratic Republic of the Congo 2800.5680 May / 2024 1.54% 23.07%
Denmark 6.8860 May / 2024 -0.31% 0.39%
Djibouti 177.7457 May / 2024 -0.09% -0.09%
Dominica 2.7026 May / 2024 0.00% 0.00%
Dominican Republic 58.6464 May / 2024 -0.09% 7.62%
Egypt 47.0785 May / 2024 52.37% 52.53%
Equatorial Guinea 605.1204 May / 2024 -0.41% 0.31%
Eritrea 15.1000 Jun / 2018 0.00% -1.60%
Estonia 0.9228 May / 2024 -0.40% 0.29%
Ethiopia 57.2879 May / 2024 1.20% 5.43%
Euro area 0.9228 May / 2024 -0.40% 0.29%
Faroe Islands 6.8860 May / 2024 -0.31% 0.39%
Fiji 2.2543 May / 2024 0.20% 1.37%
Finland 0.9228 May / 2024 -0.40% 0.29%
France 0.9228 May / 2024 -0.40% 0.29%
Gabon 605.1204 May / 2024 -0.41% 0.31%
Gambia 67.7864 May / 2024 0.26% 13.40%
Georgia 2.7267 May / 2024 2.86% 7.30%
Germany 0.9228 May / 2024 -0.40% 0.29%
Ghana 14.4008 May / 2024 15.66% 26.10%
Gibraltar 0.8129 Apr / 2020 0.00% 5.94%
Greece 0.9228 May / 2024 -0.40% 0.29%
Grenada 2.7026 May / 2024 0.00% 0.00%
Guatemala 7.7593 May / 2024 -0.58% -0.48%
Guinea 8589.7235 May / 2024 -0.17% -0.52%
Guinea-Bissau 605.1985 May / 2024 -0.31% 0.40%
Guyana 208.7160 May / 2024 -0.06% -1.08%
Haiti 132.7091 May / 2024 0.49% -8.73%
Holy See (Vatican City) 0.9228 May / 2024 -0.40% 0.29%
Honduras 24.7320 May / 2024 -0.04% 0.44%
Hong Kong 7.8095 May / 2024 -0.15% -0.35%
Hungary 356.7335 May / 2024 -0.75% 4.09%
Iceland 138.3306 May / 2024 0.50% -0.06%
India 83.3311 May / 2024 0.43% 1.23%
Indonesia 16059.4668 May / 2024 2.59% 8.18%
Iran 524383.8613 May / 2024 0.00% 0.00%
Iraq 1308.8343 May / 2024 -0.06% -0.45%
Ireland 0.9228 May / 2024 -0.40% 0.29%
Israel 3.6913 May / 2024 1.31% 0.57%
Italy 0.9228 May / 2024 -0.40% 0.29%
Ivory Coast 605.1985 May / 2024 -0.31% 0.40%
Jamaica 156.0384 May / 2024 -0.21% 1.22%
Japan 156.3745 May / 2024 4.51% 13.93%
Jordan 0.7089 May / 2024 -0.03% -0.08%
Kazakhstan 442.4893 May / 2024 -1.75% -0.85%
Kenya 131.0845 May / 2024 -14.56% -4.23%
Kiribati 1.5052 May / 2024 -1.77% -0.05%
Kuwait 0.3069 May / 2024 -0.29% 0.03%
Kyrgyzstan 88.0960 May / 2024 -1.47% 0.75%
Laos 21366.7045 May / 2024 2.53% 21.70%
Latvia 0.9228 May / 2024 -0.40% 0.29%
Lebanon 98499.9964 May / 2024 0.00% 0.00%
Lesotho 18.3399 May / 2024 -3.62% -3.76%
Liberia 193.5667 May / 2024 1.62% 15.92%
Libya 4.8440 May / 2024 0.12% 1.28%
Liechtenstein 0.9102 May / 2024 3.80% 1.36%
Lithuania 0.9228 May / 2024 -0.40% 0.29%
Luxembourg 0.9228 May / 2024 -0.40% 0.29%
Macao 8.0344 May / 2024 -0.21% -0.37%
North Macedonia 56.7999 May / 2024 -0.49% 0.23%
Madagascar 4431.8553 May / 2024 -2.42% 0.62%
Malawi 1732.5604 May / 2024 2.91% 68.93%
Malaysia 4.7042 May / 2024 -1.29% 4.17%
Maldives 15.4507 May / 2024 0.37% 0.71%
Mali 605.1985 May / 2024 -0.31% 0.40%
Malta 0.9228 May / 2024 -0.40% 0.29%
Mauritania 357.0500 Sep / 2018 0.36% 0.35%
Mauritius 46.0382 May / 2024 0.43% 1.38%
Mexico 16.7415 May / 2024 -2.03% -5.55%
Moldova 17.6506 May / 2024 -0.78% -0.65%
Monaco 0.9228 May / 2024 -0.40% 0.29%
Montenegro 0.9228 May / 2024 -0.40% 0.29%
Montserrat 2.7026 May / 2024 0.00% 0.00%
Morocco 9.9559 May / 2024 -0.92% -1.40%
Mozambique 63.8905 May / 2024 0.05% 0.07%
Namibia 18.3199 May / 2024 -3.76% -3.37%
Nepal 133.2064 May / 2024 0.32% 1.22%
Netherlands 0.9228 May / 2024 -0.40% 0.29%
New Caledonia 110.6195 May / 2024 0.00% 2.21%
New Zealand 1.6397 May / 2024 0.50% 1.74%
Nicaragua 36.7548 May / 2024 -0.06% 0.62%
Niger 605.1985 May / 2024 -0.31% 0.40%
Nigeria 1465.4043 May / 2024 0.29% 217.51%
Norfolk Island 1.5052 May / 2024 -1.77% -0.05%
North Korea 900.0009 Jun / 2018 -0.00% 0.00%
Norway 10.6788 May / 2024 1.15% -1.18%
Oman 0.3847 May / 2024 -0.08% 0.03%
Pakistan 278.1315 May / 2024 -0.27% -2.59%
Panama 0.9989 May / 2024 -0.06% -0.03%
Papua New Guinea 3.8795 May / 2024 3.30% 9.92%
Paraguay 7505.0800 May / 2024 3.07% 4.20%
Peru 3.7265 May / 2024 -2.67% 1.15%
Philippines 57.9895 May / 2024 3.50% 3.99%
Poland 3.9402 May / 2024 -1.67% -5.69%
Portugal 0.9228 May / 2024 -0.40% 0.29%
Qatar 3.6409 May / 2024 0.01% 0.00%
Republic of the Congo 605.1204 May / 2024 -0.41% 0.31%
Romania 4.5923 May / 2024 -0.37% 0.79%
Russia 90.6459 May / 2024 -1.26% 14.46%
Rwanda 1298.9101 May / 2024 1.81% 15.70%
Saint Lucia 2.7026 May / 2024 0.00% 0.00%
Saint Vincent and the Grenadines 2.7026 May / 2024 0.00% 0.00%
San Marino 0.9228 May / 2024 -0.40% 0.29%
Sao Tome and Principe 20000.0005 Jun / 2018 -0.00% -8.51%
Saudi Arabia 3.7502 May / 2024 0.00% 0.00%
Senegal 605.1985 May / 2024 -0.31% 0.40%
Serbia 108.0625 May / 2024 -0.46% 0.18%
Seychelles 13.6945 May / 2024 1.96% 0.85%
Sierra Leone 19678.6479 May / 2024 -0.11% -0.07%
Singapore 1.3499 May / 2024 0.36% 0.73%
Slovakia 0.9228 May / 2024 -0.40% 0.29%
Slovenia 0.9228 May / 2024 -0.40% 0.29%
Solomon Islands 8.4842 May / 2024 0.37% 1.87%
Somalia 569.8321 May / 2024 -0.17% 0.27%
South Africa 18.3724 May / 2024 -3.34% -3.77%
South Korea 1315.7894 May / 2024 0.00% -1.32%
Spain 0.9228 May / 2024 -0.40% 0.29%
Sri Lanka 299.9744 May / 2024 -3.89% -2.96%
Sudan 900.0000 May / 2024 0.00% 51.77%
Suriname 32.3113 May / 2024 -10.64% -13.47%
Swaziland 18.3410 May / 2024 -3.55% -3.77%
Sweden 10.7201 May / 2024 2.72% 2.24%
Switzerland 0.9102 May / 2024 3.80% 1.36%
Syria 14000.0001 May / 2024 0.00% 87.92%
Taiwan 32.2904 May / 2024 2.69% 5.11%
Tajikistan 10.8116 May / 2024 -1.18% -0.97%
Tanzania 2594.3405 May / 2024 2.09% 10.01%
Thailand 36.5307 May / 2024 1.86% 6.75%
Togo 605.1985 May / 2024 -0.31% 0.40%
Tonga 2.3629 May / 2024 -0.19% 0.25%
Trinidad and Tobago 6.7822 May / 2024 -0.04% 0.03%
Tunisia 3.1198 May / 2024 -0.31% 1.76%
Turkey 32.2032 May / 2024 4.69% 62.98%
Turkmenistan 3.5005 May / 2024 0.02% 0.07%
Tuvalu 1.5052 May / 2024 -1.77% -0.05%
Uganda 3787.5998 May / 2024 -2.20% 1.63%
Ukraine 39.8453 May / 2024 4.88% 7.99%
United Arab Emirates 3.6730 May / 2024 0.00% 0.02%
United Kingdom 0.7892 May / 2024 -0.32% -1.53%
Uruguay 38.5713 May / 2024 -1.36% -0.74%
Uzbekistan 12695.6357 May / 2024 1.96% 10.92%
Vanuatu 109.4335 Jun / 2018 -0.00% -0.63%
Vietnam 25456.7072 May / 2024 3.92% 8.49%
Yemen 1400.0000 May / 2024 0.00% 12.99%
Zambia 26.3351 May / 2024 2.97% 41.55%



What factors determine the exchange rates

The exchange rate is the price of one currency expressed in units of another currency. We say that a currency is appreciating/depreciating relative to another currency if it takes more/less units of the other currency to purchase it.

The exchange rate appreciates when the demand for the currency increases, i.e. when more people want to buy it and depreciates when the supply increases, i.e. when more people want to sell it. Look at it from the U.S. perspective. Foreigners want to buy dollars when they:

1. Invest in the U.S.
2. Buy goods and services from the U.S.

At the same time U.S. citizens sell dollars when they:

1. Invest overseas.
2. Buy foreign goods and services.

Holding all else constant, if foreign investment in the U.S. increases, this will create more demand for dollars, and the dollar will appreciate. Similarly, when the U.S. increases its international purchases and investments, that creates additional supply of dollars and the dollar will depreciate.

Several examples

U.S. interest rates increase. That leads to greater foreign investment into the U.S., greater demand for dollars, and dollar appreciation.

New tariffs on U.S. exports to Europe. Now foreigners buy fewer U.S. goods, the demand for dollars declines, and the dollar depreciates.

The U.S. economy is growing rapidly. On one hand, that attracts foreign investment and causes dollar appreciation. On the other hand, U.S. imports increase since Americans can buy more international goods and services and cause dollar depreciation. We are not sure which effect would be stronger but usually a growing economy is associated with an appreciating currency.

Expected appreciation of the dollar. If for some reason investors believe that the dollar will appreciate in one year, they will want to buy it now. This creates additional demand for dollars and leads to appreciation now.

If you wonder what the effect of some macroeconomic variable on the exchange rate is, ask yourself how, holding everything else constant, that variable affects the demand or the supply of the currency. Based on that, you can determine if the change is likely to lead to appreciation or depreciation.

Forecasting currency values: short, medium, and long run

Of course, in reality there are multiple macroeconomic changes occurring at the same time. Interest rates may be changing in various countries, GDP growth rates differ, trade flows shift, etc. The combination of all these factors makes it virtually impossible to predict the exchange rate at short horizons (days, weeks). Too many fundamentals are moving in different directions at the same time. Therefore, economists say that the exchange rate follows a “random walk”, i.e. the best forecast of tomorrow’s exchange rate is today’s exchange rate. The likelihood of appreciation and depreciation are the same.

At medium-term time horizons (months, a few years) the effect of particular macroeconomic fundamentals on the exchange rate becomes more visible. For example, if the economy is growing rapidly its currency is likely to appreciate as the country attracts international capital that creates demand for the local money.

In contrast, in the long-run (many years, decades) macroeconomic fundamentals cease to have a role. Over such long periods of time, the economic growth rates, interest rates, as well as international trade and investment flows have stabilized at some “average” levels. Then, the only determinant of the exchange rate is the rate of money supply growth. Countries that print money more rapidly than the rest of the world will experience currency depreciation. In fact, the size of the depreciation would be equal to the increase of the money supply. Recall that the exchange rate is the price of a currency. If you create too much of it the price will come down.

Additional resources

Information about the European Monetary Union with a lot of historic information, analyses and data. Available from: European Central Bank

The International Monetary Fund, a wealth of information about all member countries and about international financial markets. Available from: IMF.

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