Montenegro Exchange Rate
Official exchange rate (LCU per US$, period average) PA.NUS.FCRF
Montenegro's exchange rate was 0.96 in 2025, ranked 191st globally. This represents a 3.5% increase from 2024. Data from World Bank, covering 1999–2025.
Overview
Montenegro'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. Montenegro ranked 191st globally.
Montenegro’s exchange rate has shown modest fluctuation over the 27‑year series, moving from an early‑period level of 0.94 in 1999 to a World Bank‑reported 0.96 in 2025, ranking 191st globally. The currency reached its highest recorded value of 1.12 in 2001, a period coinciding with regional post‑conflict stabilization, before falling to a trough of 0.68 in 2008 amid the global financial crisis. Since that low, the rate has gradually appreciated, stabilizing near the mid‑0.90s, a level shared with peers such as Slovenia, San Marino, the Slovak Republic and Kosovo, each also reporting 0.96 in 2025. The convergence with these neighboring economies reflects similar monetary policies and trade integration within the Western Balkans. Continued alignment with Eurozone dynamics and potential accession to deeper European financial frameworks are likely to sustain the incremental upward trend, barring external shocks that could reverse the trajectory.
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 | #191 |
| 2024 | 0.92 | −0.00 | #35 |
| 2023 | 0.92 | −0.03 | #13 |
| 2022 | 0.95 | +0.11 | #32 |
| 2021 | 0.85 | −0.03 | #11 |
| 2020 | 0.88 | −0.02 | #31 |
| 2019 | 0.89 | +0.05 | #10 |
| 2018 | 0.85 | −0.04 | #10 |
| 2017 | 0.89 | −0.02 | #31 |
| 2016 | 0.90 | +0.00 | #31 |
| 2015 | 0.90 | +0.15 | #27 |
| 2014 | 0.75 | −0.00 | #9 |
| 2013 | 0.75 | −0.03 | #29 |
| 2012 | 0.78 | +0.06 | #25 |
| 2011 | 0.72 | −0.04 | #30 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Montenegro's exchange rate was 0.96 in 2025. Ranked 191st globally. This represents a 3.5% increase from the previous year.
Montenegro's exchange rate peaked at 1.12 in 2001.
The lowest exchange rate in Montenegro was 0.68 in 2008.
Montenegro ranks 191st globally in exchange rate as of 2025.
The World Bank indicator code is PA.NUS.FCRF. Data sourced from World Bank.
Montenegro's exchange rate is projected to reach 0.96 by 2025 based on trend extrapolation.
The exchange rate of Montenegro in 2025 was 0.96. This ranks 191st in the world.
Cite this page
@misc{historysaid_montenegro_exchange-rate,
title = {Montenegro Exchange Rate},
url = {https://historysaid.com/montenegro/exchange-rate/},
publisher = {HistorySaid},
year = {2026}
}