Modular exponentiation is an essential operation required for implementations of most public key cryptosystems. This paper presents two architectures for modular exponentiation using the Montgomery modular multiplication algorithm combined with two binary exponentiation methods, L-R(Left to Left) algorithms. The proposed architectures make use of MUXes for efficient pre-computation and post-computation in Montgomery`s algorithm. For an n-bit modulus, if mulitplication with m carry processing clocks can be done (n+m) clocks, the L-R type design requires (1.5n+5)(n+m) clocks on average for an exponentiation. The R-L type design takes (n+4)(n+m) clocks in the worst case.