2024 CVE to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CVE to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CVE to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 22, valuing the pair at 428.2476. Conversely, the yearly low was recorded on November 24, dropping to 397.2319.
This high-to-low spread represents a total annual volatility of 31.0157 IRR. From a start-to-finish perspective, comparing the January average rate of 415.7648 to the December average rate of 400.8486, the exchange rate registered a net change of -3.59% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 428.2476 was down 0.72% compared to the 2023 peak of 431.3623, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CVE 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 412.1686, compared to 413.2649 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0963 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 18.5637 IRR (High: 415.7957 / Low: 397.2319). On the other end, February was the most stable month, with a tight range of 5.5502 IRR (High: 413.4632 / Low: 407.9130).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 9.9139 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 423.6621) against the same month in 2023 (average: 409.1496), the exchange rate shifted by +14.5125 (+3.55%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 421.7755 | 412.6330 | 415.7648 |
| February | 413.4632 | 407.9130 | 411.0525 |
| March | 417.3118 | 410.4197 | 413.9893 |
| April | 414.4539 | 404.9338 | 409.5788 |
| May | 415.6279 | 405.9107 | 412.0010 |
| June | 415.7782 | 406.8391 | 410.6249 |
| July | 417.3273 | 408.4182 | 414.0171 |
| August | 427.2874 | 410.5802 | 419.6654 |
| September | 428.2476 | 420.6889 | 423.6621 |
| October | 423.0481 | 411.2467 | 415.6550 |
| November | 415.7957 | 397.2319 | 405.7411 |
| December | 404.1184 | 397.6890 | 400.8486 |