Humanitarian FX Transparency Tracker
The UN sets operational exchange rates for converting aid funding to local currency. These rates can lag behind actual market rates, creating a purchasing power gap across staff salaries, local procurement, and operational costs. We compare the UN rate against USDC stablecoin market rates — the closest proxy for real in-country exchange rates — to measure this gap. Methodology.
Updated just now
Humanitarian funding from the largest donor fell 88% from its 2022 peak. Across the countries we track, an average of $71,016 per million dollars converted is lost to the gap between UN operational rates and in-country market rates. This tracker measures that gap in real time.
Countries Tracked
32
across 28 currencies
Avg. Gap per $1M
$71,016
UN Rate vs stablecoin
Theoretical Gain
$206M
2025 funding × live FX gap across 9 countries
Venezuela
VES · Venezuelan Bolivar
Purchasing power gap per $1M converted
UN vs Forex
$66,165
+7.1%
UN vs USDC
$340,198
+51.6%
Theoretical gain via USDC
up to $49.2M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
407.38
Forex Rate
436.24
Stablecoin market rates
USDC (regulated)
617.43
USDT (unregulated)
618.62
Egypt
EGP · Egyptian Pound
Purchasing power gap per $1M converted
UN vs Forex
$92,597
+10.2%
UN vs USDC
$82,859
+9.0%
Theoretical gain via USDC
up to $11.0M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
47.90
Forex Rate
52.79
Stablecoin market rates
USDC (regulated)
52.23
USDT (unregulated)
52.04
Nigeria
NGN · Nigerian Naira
Purchasing power gap per $1M converted
UN vs Forex
$26,773
+2.8%
UN vs USDC
$62,936
+6.7%
Theoretical gain via USDC
up to $20.3M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
1,359
Forex Rate
1,396
Stablecoin market rates
USDC (regulated)
1,450
USDT (unregulated)
1,474
Yemen
YER · Yemeni Rial
Purchasing power gap per $1M converted
UN vs Forex
N/A
UN vs USDC
$42,123
+4.4%
Theoretical gain via USDC
up to $57.8M
if all 2025 funding converted at UNORE vs stablecoin rate
Forex rate unreliable (de-risked market)
USD exchange rates
UN Rate
529.73
Forex Rate
238.40
Stablecoin market rates
USDC (regulated)
553.03
USDT (unregulated)
532.22
Bangladesh
BDT · Bangladeshi Taka
Purchasing power gap per $1M converted
UN vs Forex
$1,739
+0.2%
UN vs USDC
$37,702
+3.9%
Theoretical gain via USDC
up to $20.1M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
122.03
Forex Rate
122.24
Stablecoin market rates
USDC (regulated)
126.81
USDT (unregulated)
125.13
Pakistan
PKR · Pakistani Rupee
Purchasing power gap per $1M converted
UN vs Forex
$1,488
+0.1%
UN vs USDC
$22,619
+2.3%
Theoretical gain via USDC
up to $4.3M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
279.36
Forex Rate
279.78
Stablecoin market rates
USDC (regulated)
285.83
USDT (unregulated)
288.36
Lebanon
LBP · Lebanese Pound
Purchasing power gap per $1M converted
UN vs Forex
-$0
No gap
UN vs USDC
$19,173
+2.0%
Theoretical gain via USDC
up to $12.9M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
89,500
Forex Rate
89,500
Stablecoin market rates
USDC (regulated)
91,250
USDT (unregulated)
90,012
Jordan
JOD · Jordanian Dinar · Pegged to USD
Purchasing power gap per $1M converted
UN vs Forex
$1,410
+0.1%
UN vs USDC
$17,690
+1.8%
Theoretical gain via USDC
up to $3.9M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
0.7080
Forex Rate
0.7090
Stablecoin market rates
USDC (regulated)
0.7208
USDT (unregulated)
0.7118
Ukraine
UAH · Ukrainian Hryvnia
Purchasing power gap per $1M converted
UN vs Forex
$17,794
+1.8%
UN vs USDC
$13,843
+1.4%
Theoretical gain via USDC
up to $26.2M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
43.10
Forex Rate
43.88
Stablecoin market rates
USDC (regulated)
43.71
USDT (unregulated)
43.93
Colombia
COP · Colombian Peso
Purchasing power gap per $1M converted
UN vs Forex
$11,202
+1.1%
UN vs USDC
-$2,507
No gap
USD exchange rates
UN Rate
3,736
Forex Rate
3,778
Stablecoin market rates
USDC (regulated)
3,726
USDT (unregulated)
3,702
Sudan
SDG · Sudanese Pound
Purchasing power gap per $1M converted
UN vs Forex
N/A
UN vs USDT
$61,506
+6.6%
Theoretical gain via USDC
up to $108.3M
if all 2025 funding converted at UNORE vs stablecoin rate
Forex rate unreliable (de-risked market)
USD exchange rates
UN Rate
3,350
Forex Rate
454.35
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
3,570
Afghanistan
AFN · Afghan Afghani
Purchasing power gap per $1M converted
UN vs Forex
-$2,404
No gap
UN vs USDT
N/A
USD exchange rates
UN Rate
63.50
Forex Rate
63.35
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
N/A
Syria
SYP · Syrian Pound
Purchasing power gap per $1M converted
UN vs Forex
$17,140
+1.7%
UN vs USDT
$78,024
+8.5%
Theoretical gain via USDC
up to $199.3M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
110.50
Forex Rate
112.43
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
119.85
Iran
IRR · Iranian Rial
Purchasing power gap per $1M converted
UN vs Forex
-$413,392
No gap
UN vs USDT
N/A
USD exchange rates
UN Rate
1,363,276
Forex Rate
964,542
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
N/A
Myanmar
MMK · Myanmar Kyat
Purchasing power gap per $1M converted
UN vs Forex
N/A
UN vs USDT
$23,812
+2.4%
Theoretical gain via USDC
up to $12.3M
if all 2025 funding converted at UNORE vs stablecoin rate
Forex rate unreliable (de-risked market)
USD exchange rates
UN Rate
3,915
Forex Rate
2,099
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
4,011
DRC
CDF · Congolese Franc
Purchasing power gap per $1M converted
UN vs Forex
$30,800
+3.2%
UN vs USDT
$159,065
+18.9%
Theoretical gain via USDC
up to $126.9M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
2,148
Forex Rate
2,216
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
2,555
Ethiopia
ETB · Ethiopian Birr
Purchasing power gap per $1M converted
UN vs Forex
-$1,901
No gap
UN vs USDT
$155,101
+18.4%
Theoretical gain via USDC
up to $112.3M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
155.15
Forex Rate
154.86
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
183.63
Somalia
SOS · Somali Shilling
USD exchange rates
UN Rate
N/A
Forex Rate
570.52
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
523.70
South Sudan
SSP · South Sudanese Pound
Purchasing power gap per $1M converted
UN vs Forex
$9,461
+1.0%
UN vs USDT
N/A
USD exchange rates
UN Rate
4,546
Forex Rate
4,590
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
N/A
Occupied Palestinian Territory
ILS · Israeli Shekel
Purchasing power gap per $1M converted
UN vs Forex
-$4,526
No gap
UN vs USDT
$91,095
+10.0%
Theoretical gain via USDC
up to $401.5M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
3.1130
Forex Rate
3.0990
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
3.4250
Burkina Faso
XOF · CFA Franc BCEAO · Pegged to EUR
Purchasing power gap per $1M converted
UN vs Forex
$19,198
+2.0%
UN vs USDT
$14,068
+1.4%
Theoretical gain via USDC
up to $4.8M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
555.43
Forex Rate
566.30
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
563.35
CFA Franc (BCEAO) — shared currency across WAEMU: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo. Pegged to EUR.
Cameroon
XAF · CFA Franc BEAC · Pegged to EUR
Purchasing power gap per $1M converted
UN vs Forex
$19,198
+2.0%
UN vs USDT
$67,965
+7.3%
Theoretical gain via USDC
up to $7.8M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
555.43
Forex Rate
566.30
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
595.93
CFA Franc (BEAC) — shared currency across CEMAC: Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, Gabon. Pegged to EUR.
Central African Republic
XAF · CFA Franc BEAC · Pegged to EUR
Purchasing power gap per $1M converted
UN vs Forex
$19,198
+2.0%
UN vs USDT
$67,965
+7.3%
Theoretical gain via USDC
up to $10.5M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
555.43
Forex Rate
566.30
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
595.93
CFA Franc (BEAC) — shared currency across CEMAC: Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, Gabon. Pegged to EUR.
Chad
XAF · CFA Franc BEAC · Pegged to EUR
Purchasing power gap per $1M converted
UN vs Forex
$19,198
+2.0%
UN vs USDT
$67,965
+7.3%
Theoretical gain via USDC
up to $39.0M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
555.43
Forex Rate
566.30
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
595.93
CFA Franc (BEAC) — shared currency across CEMAC: Cameroon, Central African Republic, Chad, Republic of Congo, Equatorial Guinea, Gabon. Pegged to EUR.
Guatemala
GTQ · Guatemalan Quetzal
Purchasing power gap per $1M converted
UN vs Forex
$128
+0.0%
UN vs USDT
$47,169
+5.0%
Theoretical gain via USDC
up to $2.0M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
7.6610
Forex Rate
7.6620
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
8.0403
Haiti
HTG · Haitian Gourde
Purchasing power gap per $1M converted
UN vs Forex
$3,499
+0.4%
UN vs USDT
$89,058
+9.8%
Theoretical gain via USDC
up to $27.1M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
130.62
Forex Rate
131.08
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
143.39
Honduras
HNL · Honduran Lempira
Purchasing power gap per $1M converted
UN vs Forex
$8,969
+0.9%
UN vs USDT
$45,782
+4.8%
Theoretical gain via USDC
up to $1.3M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
26.24
Forex Rate
26.48
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
27.50
Mali
XOF · CFA Franc BCEAO · Pegged to EUR
Purchasing power gap per $1M converted
UN vs Forex
$19,198
+2.0%
UN vs USDT
$14,068
+1.4%
Theoretical gain via USDC
up to $3.4M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
555.43
Forex Rate
566.30
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
563.35
CFA Franc (BCEAO) — shared currency across WAEMU: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo. Pegged to EUR.
Mozambique
MZN · Mozambican Metical
Purchasing power gap per $1M converted
UN vs Forex
$4,935
+0.5%
UN vs USDT
$168,201
+20.2%
Theoretical gain via USDC
up to $37.0M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
63.25
Forex Rate
63.56
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
76.04
Niger
XOF · CFA Franc BCEAO · Pegged to EUR
Purchasing power gap per $1M converted
UN vs Forex
$19,198
+2.0%
UN vs USDT
$14,068
+1.4%
Theoretical gain via USDC
up to $3.6M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
555.43
Forex Rate
566.30
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
563.35
CFA Franc (BCEAO) — shared currency across WAEMU: Benin, Burkina Faso, Côte d'Ivoire, Guinea-Bissau, Mali, Niger, Senegal, Togo. Pegged to EUR.
Iraq
IQD · Iraqi Dinar
Purchasing power gap per $1M converted
UN vs Forex
-$528
No gap
UN vs USDT
$153,770
+18.2%
Theoretical gain via USDC
up to $15.3M
if all 2025 funding converted at UNORE vs stablecoin rate
USD exchange rates
UN Rate
1,310
Forex Rate
1,309
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
1,548
Kenya
KES · Kenyan Shilling
Purchasing power gap per $1M converted
UN vs Forex
$2,183
+0.2%
UN vs USDT
-$427
No gap
USD exchange rates
UN Rate
128.88
Forex Rate
129.16
Stablecoin market rates
USDC (regulated)
N/A
USDT (unregulated)
128.83