Official exchange rate in Latvia
Latvia: Official exchange rate was 0.885 LCU per US$, period average in 2025. ▲ Rising
Latest (2025)
0.885 LCU per US$, period average
Change on year
down 4.2%
World rank
182nd
of 215 countries
All-time high
0.9496 LCU per US$, period average
in 2022
All-time low
0.4808 LCU per US$, period average
in 2008
Years of data
34
1992–2025
Official exchange rate in Latvia, 1992–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
Latvia recorded 0.885 LCU per US$, period average for official exchange rate in 2025.
The figure is down 4.2% on the previous year and down 1.8% over ten years.
Over the whole period, official exchange rate in Latvia peaked at 0.9496 LCU per US$, period average in 2022 and was at its lowest, 0.4808 LCU per US$, period average, in 2008.
That places Latvia 182nd out of 215 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Official exchange rate in Latvia, year by year
| Year | LCU per US$, period average | Change |
|---|---|---|
| 1992 | 0.7365 LCU per US$, period average | — |
| 1993 | 0.6753 LCU per US$, period average | -8.3% |
| 1994 | 0.5597 LCU per US$, period average | -17.1% |
| 1995 | 0.5276 LCU per US$, period average | -5.7% |
| 1996 | 0.5507 LCU per US$, period average | +4.4% |
| 1997 | 0.5809 LCU per US$, period average | +5.5% |
| 1998 | 0.5898 LCU per US$, period average | +1.5% |
| 1999 | 0.5852 LCU per US$, period average | -0.8% |
| 2000 | 0.6065 LCU per US$, period average | +3.6% |
| 2001 | 0.6279 LCU per US$, period average | +3.5% |
| 2002 | 0.6182 LCU per US$, period average | -1.5% |
| 2003 | 0.5715 LCU per US$, period average | -7.6% |
| 2004 | 0.5402 LCU per US$, period average | -5.5% |
| 2005 | 0.5647 LCU per US$, period average | +4.5% |
| 2006 | 0.5604 LCU per US$, period average | -0.8% |
| 2007 | 0.5138 LCU per US$, period average | -8.3% |
| 2008 | 0.4808 LCU per US$, period average | -6.4% |
| 2009 | 0.5056 LCU per US$, period average | +5.1% |
| 2010 | 0.5305 LCU per US$, period average | +4.9% |
| 2011 | 0.5012 LCU per US$, period average | -5.5% |
| 2012 | 0.5469 LCU per US$, period average | +9.1% |
| 2013 | 0.5294 LCU per US$, period average | -3.2% |
| 2014 | 0.7527 LCU per US$, period average | +42.2% |
| 2015 | 0.9013 LCU per US$, period average | +19.7% |
| 2016 | 0.9034 LCU per US$, period average | +0.2% |
| 2017 | 0.8852 LCU per US$, period average | -2.0% |
| 2018 | 0.8468 LCU per US$, period average | -4.3% |
| 2019 | 0.8933 LCU per US$, period average | +5.5% |
| 2020 | 0.8755 LCU per US$, period average | -2.0% |
| 2021 | 0.8455 LCU per US$, period average | -3.4% |
| 2022 | 0.9496 LCU per US$, period average | +12.3% |
| 2023 | 0.9248 LCU per US$, period average | -2.6% |
| 2024 | 0.9239 LCU per US$, period average | -0.1% |
| 2025 | 0.885 LCU per US$, period average | -4.2% |
Latvia compared with similar countries
- Latvia's 0.885 LCU per US$, period average is below the median for high income countries, which is 1 LCU per US$, period average, 88% of the median. (84 countries reporting)
- Latvia's 0.885 LCU per US$, period average is below the median for Europe & Central Asia, which is 0.8871 LCU per US$, period average, 100% of the median. (57 countries reporting)
Biggest year-on-year movements
Years where Official exchange rate in Latvia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2014 | +42.2% | 0.5294 LCU per US$, period average | 0.7527 LCU per US$, period average |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6007 LCU per US$, period average | 0.5276 LCU per US$, period average | 0.7365 LCU per US$, period average | 8 |
| 2000s | 0.559 LCU per US$, period average | 0.4808 LCU per US$, period average | 0.6279 LCU per US$, period average | 10 |
| 2010s | 0.7291 LCU per US$, period average | 0.5012 LCU per US$, period average | 0.9034 LCU per US$, period average | 10 |
| 2020s | 0.9007 LCU per US$, period average | 0.8455 LCU per US$, period average | 0.9496 LCU per US$, period average | 6 |
Countries ranked near Latvia
- 182 Austria 0.885 LCU per US$, period average compare
- 182 Belgium 0.885 LCU per US$, period average compare
- 182 Croatia 0.885 LCU per US$, period average compare
- 182 Cyprus 0.885 LCU per US$, period average compare
- 182 Estonia 0.885 LCU per US$, period average compare
- 182 Finland 0.885 LCU per US$, period average compare
- 182 France 0.885 LCU per US$, period average compare
- 182 Germany 0.885 LCU per US$, period average compare
- 182 Greece 0.885 LCU per US$, period average compare
- 182 Ireland 0.885 LCU per US$, period average compare
- 182 Italy 0.885 LCU per US$, period average compare
- 182 Lithuania 0.885 LCU per US$, period average compare
- 182 Luxembourg 0.885 LCU per US$, period average compare
- 182 Malta 0.885 LCU per US$, period average compare
- 182 Monaco 0.885 LCU per US$, period average compare
- 182 Netherlands 0.885 LCU per US$, period average compare
- 182 Portugal 0.885 LCU per US$, period average compare
- 182 Slovakia 0.885 LCU per US$, period average compare
- 182 Slovenia 0.885 LCU per US$, period average compare
- 182 Spain 0.885 LCU per US$, period average compare
- 182 Saint Martin (French Part) 0.885 LCU per US$, period average compare
More financial sector data for Latvia
- Reserve position in the IMF, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 43.27 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 60.46 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 31.6 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 68.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 43.27 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 60.46 % change on previous year (2025)
Frequently asked questions
- What is official exchange rate in Latvia?
- Official exchange rate in Latvia was 0.885 LCU per US$, period average in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Latvia?
- The highest recorded value was 0.9496 LCU per US$, period average in 2022.
- What is the lowest official exchange rate recorded in Latvia?
- The lowest recorded value was 0.4808 LCU per US$, period average in 2008.
- How does Latvia rank for official exchange rate?
- Latvia ranks 182nd out of 215 countries with data for 2025.
- Is official exchange rate rising or falling in Latvia?
- Over the last ten years it is down 1.8%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.