FX rate to USD as implied based on PPP of private consumption reached 0.429 per USD in 2018 in Montenegro, according to the National Statistical Office. This is 3.07 % more than in the previous year.
Historically, FX rate to USD as implied based on PPP of private consumption in Montenegro reached an all time high of 0.491 per USD in 2008 and an all time low of 0.316 per USD in 2000. When compared to Montenegro's main peers, FX rate to USD as implied based on PPP of private consumption in Albania amounted to 51.3 per USD, 0.789 per USD in Bosnia and Herzegovina, 3.87 per USD in Croatia and 48.9 per USD in Serbia in 2018.
Montenegro has been ranked 145th within the group of 151 countries we follow in terms of FX rate to USD as implied based on PPP of private consumption, 13 places above the position seen 10 years ago.
Money and quasi-money comprise the sum of currency outside banks, demand deposits other than those of the central government, and the time, savings, and foreign currency deposits of resident sectors other than the central government.