2024 AFN to IRR Historical Review

YEARLY HIGH

646.8393 IRR

YEARLY LOW

558.7795 IRR

YEARLY AVERAGE

597.3749 IRR

2024 AFN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 646.8393. Conversely, the yearly low was recorded on February 3, dropping to 558.7795.

This high-to-low spread represents a total annual volatility of 88.0598 IRR. From a start-to-finish perspective, comparing the January average rate of 587.9747 to the December average rate of 607.7362, the exchange rate registered a net change of 3.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 646.8393 was up 5.18% compared to the 2023 peak of 614.9858, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 AFN based on timing:

Yearly Peak High 3,234,197 IRR

2023 Average 2,571,362 IRR

Yearly Trough Low 2,793,898 IRR

Transaction Impact: A difference of 440,299.00 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

633.0664

569.2871

JanuMarcMayJulySeptNove

AFN to IRR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 585.9212, compared to 608.8287 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 22.9075 points.

H1 Avg (Jan–Jun) 585.9212

H2 Avg (Jul–Dec) 608.8287

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 35.3574 IRR (High: 601.0166 / Low: 565.6592). On the other end, July was the most stable month, with a tight range of 9.1100 IRR (High: 600.3743 / Low: 591.2643).

January Spread (Volatile) ±35.3574

July Spread (Stable) ±9.1100

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 14.2335 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -14.2335

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 627.7514) against the same month in 2023 (average: 559.4804), the exchange rate shifted by +68.2711 (+12.20%).

2024 Avg (October) 627.7514

2023 Avg (October) 559.4804

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	601.0166	565.6592	587.9747
February	582.1976	558.7795	574.6020
March	592.2569	575.9589	582.4579
April	591.2387	581.7696	586.1041
May	598.9361	581.5697	587.2738
June	603.1800	588.5211	597.1146
July	600.3743	591.2643	595.0147
August	601.5000	591.4457	594.6326
September	619.1911	593.0282	605.8673
October	646.8393	611.9186	627.7514
November	629.7670	615.8806	621.9697
December	623.7037	599.4280	607.7362