Exchange Rate in Iran

Iran Exchange Rate | Economic News & Forecasts

Iran - Exchange Rate

The economy contracted 4.9% annually in the fiscal year ending March 2018 according to a statement released by Iran’s Statistical Institute in late June. Far from receding, the recession is expected to deepen this year as U.S. sanctions continue to bite. Oil tanker tracking data estimated that Iran’s oil exports fell to 0.3 mbpd or less in the first three weeks of June, while a recent OPEC report showed oil output declined sharply in April and May. Moreover, it is thought that much of the crude oil leaving Iran is floating at sea due to difficulty finding buyers. Geopolitical tensions have risen in recent weeks, after several oil tanker attacks in the Gulf and Iran’s threat to openly violate the 2015 nuclear accord by exceeding the limit of uranium holdings. This will depress already-battered business confidence, and a solution to the stand-off with the U.S. appears unlikely.

Iran - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)24,774  27,138  30,130  32,376  36,074  

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Iran Exchange Rate Chart

Iran Exchange Rate
Note: Iranian rial rates (IRR) per U.S dollar
Source: Central Bank of Iran.

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