2024 CDF to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CDF to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CDF to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 19, valuing the pair at 15.8036. Conversely, the yearly low was recorded on October 30, dropping to 14.6265.
This high-to-low spread represents a total annual volatility of 1.1771 IRR. From a start-to-finish perspective, comparing the January average rate of 15.4498 to the December average rate of 14.7800, the exchange rate registered a net change of -4.34% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 15.8036 was down 23.69% compared to the 2023 peak of 20.7086, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CDF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CDF 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 15.1426, compared to 14.7675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3751 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 0.5314 IRR (High: 15.8036 / Low: 15.2722). On the other end, February was the most stable month, with a tight range of 0.1445 IRR (High: 15.3299 / Low: 15.1854).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.1975 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 15.4498) against the same month in 2023 (average: 20.4695), the exchange rate shifted by -5.0197 (-24.52%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 15.8036 | 15.2722 | 15.4498 |
| February | 15.3299 | 15.1854 | 15.2523 |
| March | 15.2158 | 15.0603 | 15.1542 |
| April | 15.1676 | 14.9089 | 15.0718 |
| May | 15.1530 | 14.9416 | 15.0564 |
| June | 15.1048 | 14.7635 | 14.8711 |
| July | 14.9008 | 14.6621 | 14.8056 |
| August | 14.9859 | 14.6452 | 14.7773 |
| September | 14.8998 | 14.6881 | 14.7827 |
| October | 14.8347 | 14.6265 | 14.7453 |
| November | 14.8047 | 14.6409 | 14.7143 |
| December | 14.9104 | 14.6618 | 14.7800 |