Latvia Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
Latvia's exchange rate was 0.96 in 2025, ranked 183rd globally. This represents a 3.6% increase from 2024. Data from World Bank, covering 1992–2025.
Overview
Latvia's exchange rate stood at 0.96 in 2025, a rise of +0.03 from 2024. Based on recent trends, this figure is projected to reach 0.96 by 2025. Latvia ranked 183rd globally.
Latvia’s exchange‑rate index, measured as the ratio of the national currency to a benchmark basket, has risen from 0.74 in 1992 to an all‑time peak of 0.96 in 2025, placing the country at rank 183 globally. The most pronounced dip occurred in 2008 when the index fell to 0.48, reflecting the global financial crisis and the accompanying depreciation of the lat. Since that trough, the Latvian currency has appreciated steadily, reaching the same level as peers such as Luxembourg, St. Martin (French part) and Lithuania, each recorded at 0.96 in the latest year. The 34‑year coverage shows a long‑term upward trajectory, driven by macro‑economic stability, tight monetary policy and integration with the euro area. Continued fiscal prudence and resilience to external shocks will be key to sustaining this appreciation, while any significant divergence in EU monetary conditions could alter the forward path.
Data & projection
| Year | Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 0.99 | - | - |
| 2026* trend | 0.97 | - | - |
| 2025* trend | 0.96 | - | - |
| 2025 | 0.96 | +0.03 | #183 |
| 2024 | 0.92 | −0.00 | #26 |
| 2023 | 0.92 | −0.02 | #30 |
| 2022 | 0.95 | +0.10 | #23 |
| 2021 | 0.85 | −0.03 | #27 |
| 2020 | 0.88 | −0.02 | #23 |
| 2019 | 0.89 | +0.05 | #26 |
| 2018 | 0.85 | −0.04 | #26 |
| 2017 | 0.89 | −0.02 | #23 |
| 2016 | 0.90 | +0.00 | #23 |
| 2015 | 0.90 | +0.15 | #23 |
| 2014 | 0.75 | +0.22 | #24 |
| 2013 | 0.53 | −0.02 | #4 |
| 2012 | 0.55 | +0.05 | #4 |
| 2011 | 0.50 | −0.03 | #5 |
Detected Pattern
Analysis
Latvia matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Latvia's exchange rate was 0.96 in 2025. Ranked 183rd globally. This represents a 3.6% increase from the previous year.
Latvia's exchange rate peaked at 0.96 in 2025.
The lowest exchange rate in Latvia was 0.48 in 2008.
Latvia ranks 183rd globally in exchange rate as of 2025.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
Latvia's exchange rate is projected to reach 0.96 by 2025 based on trend extrapolation.
The exchange rate of Latvia in 2025 was 0.96. This ranks 183rd in the world.
Cite this page
@misc{historysaid_latvia_exchange-rate,
title = {Latvia Exchange Rate},
url = {https://historysaid.com/latvia/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}