2024 BDT to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 BDT to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the BDT to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 384.7297. Conversely, the yearly low was recorded on November 10, dropping to 350.2863.
This high-to-low spread represents a total annual volatility of 34.4434 IRR. From a start-to-finish perspective, comparing the January average rate of 383.1976 to the December average rate of 353.1046, the exchange rate registered a net change of -7.85% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 384.7297 was down 5.31% compared to the 2023 peak of 406.3031, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BDT based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
BDT to IRR Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 376.2969, compared to 354.0454 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 22.2515 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was May, with a trading range of 26.5193 IRR (High: 384.3274 / Low: 357.8080). On the other end, January was the most stable month, with a tight range of 1.6521 IRR (High: 384.1213 / Low: 382.4692).
Growth Streaks & Declines
TrendsBetween February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 17.1048 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 383.2864) against the same month in 2023 (average: 398.2562), the exchange rate shifted by -14.9698 (-3.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 384.1213 | 382.4692 | 383.1976 |
| February | 383.8796 | 379.6592 | 382.9822 |
| March | 384.7297 | 381.9860 | 383.2864 |
| April | 384.3852 | 382.4237 | 383.4802 |
| May | 384.3274 | 357.8080 | 366.3753 |
| June | 359.9136 | 356.1003 | 358.4595 |
| July | 359.8138 | 357.8711 | 358.4110 |
| August | 361.6024 | 351.2634 | 356.1987 |
| September | 354.1111 | 351.7163 | 352.2859 |
| October | 352.8096 | 350.9016 | 352.0872 |
| November | 353.8503 | 350.2863 | 352.1850 |
| December | 354.9809 | 351.6723 | 353.1046 |