Currency Exchange in Ulaanbaatar: how it works in mn — first-hand

These are known places to find money changers. 2. **Peer-to-Peer Exchange:** Look for individuals who can facilitate an exchange by you transferring rubles from your Russian card to their Russian card, and they give you Mongolian Tugriks in return. Be cautious and avoid approaching random people on the street; look for established exchangers within markets or commercial centers. 3. **Banks:** While potentially less accessible during holidays, banks are generally a reliable option for currency exchange. One user reported a better rate and a bonus from a bank when exchanging cash. 4. **Specific Locations:** Past recommendations include exchangers at souvenir stalls within monasteries or near specific shops (e.g., near a spare parts 'wagon' behind a supermarket). 5. **Hotels/Businesses:** Inquire at hotels or other businesses. They might have contacts or be able to assist with currency exchange, especially if they deal with foreign tourists. 6. **Caution:** Always prioritize safety. Be wary of unsolicited offers on the street and prefer dealing with official exchange points or reputable individuals. Some users noted that even within the city, finding an ATM that accepts Russian cards for withdrawal might be possible, but it's not guaranteed and may incur fees.

Central markets in Ulaanbaatar (UU) also offer currency exchange. Banks typically offer exchange services as well. UB generally has better exchange rates than UU. Any amount can be exchanged.

Operating hours may vary, with some indicating Monday as a primary exchange day. Coordinates for an exchange point are provided: 47.919680, 106.902997.

While currency exchange is available at Chinggis Khaan International Airport (UBN), the 'Naiman Sharga' exchange office in Ulaanbaatar is known for better rates. Be aware that RUB may not be accepted everywhere.

Alternatively, check for exchange points around the 'Ikh Delguur' department store.