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2024 BOB to IRR Historical Review

A comprehensive breakdown of exchange rate performance throughout the year 2024.

YEARLY HIGH
6148.5464 IRR
YEARLY LOW
6029.8227 IRR
YEARLY AVERAGE
6089.3049 IRR

2024 BOB to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 6148.5464. Conversely, the yearly low was recorded on February 4, dropping to 6029.8227.

This high-to-low spread represents a total annual volatility of 118.7237 IRR. From a start-to-finish perspective, comparing the January average rate of 6086.2171 to the December average rate of 6104.7923, the exchange rate registered a net change of 0.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 6148.5464 was down 0.85% compared to the 2023 peak of 6201.1722, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 30,742,732 IRR
2023 Average 30,559,642 IRR
Yearly Trough Low 30,149,114 IRR
Transaction Impact: A difference of 593,618.43 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

6107.3465
6076.6950
JanuMarcMayJulySeptNove

BOB 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 6086.1637, compared to 6092.4461 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.2824 points.

H1 Avg (Jan–Jun) 6086.1637
H2 Avg (Jul–Dec) 6092.4461

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 77.8321 IRR (High: 6148.5464 / Low: 6070.7144). On the other end, January was the most stable month, with a tight range of 25.8201 IRR (High: 6100.5094 / Low: 6074.6893).

August Spread (Volatile) ±77.8321
January Spread (Stable) ±25.8201

Growth Streaks & Declines

Trends

Between April and August, 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 August and September, when the average rate fell by 6.2881 points.

Longest Streak 4 Mo.
Sharpest MoM Drop -6.2881

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 6096.6854) against the same month in 2023 (average: 6118.7438), the exchange rate shifted by -22.0584 (-0.36%).

2024 Avg (August) 6096.6854
2023 Avg (August) 6118.7438

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6100.5094 6074.6893 6086.2171
February 6096.8377 6029.8227 6081.6018
March 6110.3725 6063.1925 6084.6301
April 6097.1377 6051.9575 6079.2493
May 6119.5348 6076.2789 6091.5189
June 6120.2551 6052.8536 6093.7650
July 6118.4134 6085.2448 6094.5673
August 6148.5464 6070.7144 6096.6854
September 6123.8114 6068.4588 6090.3973
October 6101.0020 6067.1960 6084.8021
November 6119.1579 6044.1743 6083.4323
December 6138.6346 6081.9401 6104.7923

Explore Other Years

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