Where to exchange money in Ulaanbaatar
If you’re planning a trip to Ulaanbaatar, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Ulaanbaatar. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Where to exchange money in Ulaanbaatar
If you’re planning a trip to Ulaanbaatar, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Ulaanbaatar. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location.
Spend abroad without hidden fees
Currency exchanges in Ulaanbaatar
We are aware that there can be times when you need to have some local currency on hand, so avoiding currency exchanges altogether isn't always possible. We have provided a list of currency exchanges you can find in Ulaanbaatar below.
Don't forget to refresh yourself on the advice in this article to help get the most out of your cash whilst abroad.
| Money Changer | Address | Contact Information |
|---|---|---|
| Уран уургач ББСБ Валют арилжаа - Uran Uurgach Currency Exchange | төмөрчний гудамж чингэлтэй дүүрэг, ЧД - 2 хороо, Улаанбаатар 15171, Mongolia | +976 9190 0510 |
| Найман Шарга Валют Арилжаа | WWC3+237, CHD - 2 khoroo, Ulaanbaatar 15171, Mongolia | +976 8685 3305 |
| Хөтөлтномгон ББСБ | 3-r khoroo, chinggis avenue street, HUD - 2 khoroo, Ulaanbaatar 17032, Mongolia | +976 9911 3740 |
| SendMN - Мөнгөн гуйвуулга | Argabileg Center 201, 2nd, Naiman Sharga Rd U, fl, CHD - 2 khoroo, Ulaanbaatar 15171, Mongolia | +976 7000 0909 |
| Currency Exchange Points | WWC3+435, CHD - 2 khoroo, Ulaanbaatar 15171, Mongolia | |
| ДАМОА ББСБ | УБ, Баянгол, 6-р хороо, 3 хороолол, чингүнжав, Ханду зочид буудал, 16 тоот, BGD - 6 khoroo, Ulaanbaatar 14253, Mongolia | +976 7011 3322 |
| MoneyGram | Room 501-502 5F Central Tower Building Sukhebaatars Square-2 Ulaanbaatar MN, SBD - 8 khoroo, Ulaanbaatar 97611, Mongolia | +976 11 31 1768 |
| Найман шарга төв | WW92+VVQ, CHD - 2 khoroo, Ulaanbaatar 15171, Mongolia | +976 9911 1111 |
| Uyanga JSS BBSB | Төмөрчний гудамж, CHD - 2 khoroo, Ulaanbaatar 15171, Mongolia | +976 9919 1664 |
| Улаанбаатар Үнэт Цаасны Бирж | Central Tower, SBD - 8 khoroo, Ulaanbaatar 14200, Mongolia | +976 7000 0501 |
| Mongolian Commodity Exchange | BZD - 41 khoroo, Ulaanbaatar 11000, Mongolia | +976 7014 8779 |
| Транскапитал ББСБ - Төв салбар / Transcapital NBFI - Headquarter | Partizan Rd transcapital building, SBD - 4 khoroo, Ulaanbaatar 11012, Mongolia | +976 11 33 2255 |
| temka | 14-205, CHD - 4 khoroo, Ulaanbaatar 13451, Mongolia | +976 8910 6319 |
| Премиер Финанс Валют Арилжаа | VWJ6+RJC, HUD - 11 khoroo, Ulaanbaatar 17023, Mongolia |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Mongolian tugrik rate today
The currency used in Ulaanbaatar, as well as the rest of Mongolia is Mongolian tugrik.
However, when visiting a currency exchange shop you will notice they use currency codes. The code for Mongolian tugrik is MNT. Keep an eye out for this if you want to compare exchange rates.
What you should know about exchanging money in Ulaanbaatar
When exchanging money in Ulaanbaatar or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Mongolia long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Mongolia banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Mongolian tugriks for a fairer rate and fees. The same applies if you get the option on card machines.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in Ulaanbaatar. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.