FX Transparency Tracker

Measuring the purchasing power gap between UN operational exchange rates and market rates across 32 crisis-affected countries.

Updated 4h ago

Humanitarian funding from the largest donor fell 88% from its 2022 peak. Across the countries we track, an average of $62,787 per million dollars converted is lost to the gap between UN operational rates and in-country market rates.

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Countries Tracked

32

across 28 currencies

Avg. Gap per $1M The average purchasing power gap per $1M converted at the UN rate vs stablecoin market rates.

$62,787

UN Rate vs stablecoin

Largest Gap per $1M The country with the biggest purchasing power gap per $1M converted.

$249,761

Venezuela →

Theoretical Gain Maximum additional purchasing power if all humanitarian funding were converted via stablecoin rails instead of UN operational rates.

$304M

2025 funding × live FX gap

Largest purchasing power gaps

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CountryGap30d Trend
Venezuela VES33¢ +33.3%
Ethiopia ETB20¢ +19.8%
Iraq IQD20¢ +19.5%
Syria SYP19¢ +18.9%
Mozambique MZN15¢ +15.4%
Haiti HTG8.8¢ +8.8%
DRC CDF5.3¢ +5.3%
Bangladesh BDT4.7¢ +4.7%
Colombia COP4.4¢ +4.4%
Cameroon XAF3.8¢ +3.8%
Data pipeline status
parallel_rates 61d ago Forex 5h ago spot_fx_backfill 60d ago Spreads 4h ago spreads_backfill 60d ago UN Rate 5h ago unore_historical 60d ago USDT 4h ago usdt_p2p_binance 62d ago