The Tögrög is the official currency of Mongolia, and its exchange rate refers to the value of the Tögrög compared to other currencies, such as the US Dollar or the Euro. This rate fluctuates based on various factors, including economic conditions, inflation, and trade balances. The Tögrög exchange rate is important for international trade and investment, as it affects how much foreign goods and services cost in Mongolia and vice versa. A stable exchange rate can encourage foreign investment, while significant fluctuations may lead to economic uncertainty.