2024 IRR to VND Historical Review

YEARLY HIGH

0.6054 VND

YEARLY LOW

0.5764 VND

YEARLY AVERAGE

0.5953 VND

2024 IRR to VND Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the IRR to VND exchange rate experienced significant fluctuation. The market reached its absolute peak on May 22, valuing the pair at 0.6054. Conversely, the yearly low was recorded on January 1, dropping to 0.5764.

This high-to-low spread represents a total annual volatility of 0.0290 VND. From a start-to-finish perspective, comparing the January average rate of 0.5822 to the December average rate of 0.6026, the exchange rate registered a net change of 3.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6054 was up 3.95% compared to the 2023 peak of 0.5824, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,027 VND

2023 Average 2,823 VND

Yearly Trough Low 2,882 VND

Transaction Impact: A difference of 145.06 VND purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6067

0.5800

JanuMarcMayJulySeptNove

IRR to VND 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 0.5934, compared to 0.5971 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.5934

H2 Avg (Jul–Dec) 0.5971

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0189 VND (High: 0.6037 / Low: 0.5847). On the other end, December was the most stable month, with a tight range of 0.0026 VND (High: 0.6037 / Low: 0.6011).

October Spread (Volatile) ±0.0189

December Spread (Stable) ±0.0026

Growth Streaks & Declines

Trends

Between January and May, 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 0.0095 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0095

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.6045) against the same month in 2023 (average: 0.5551), the exchange rate shifted by +0.0494 (+8.89%).

2024 Avg (May) 0.6045

2023 Avg (May) 0.5551

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5855	0.5764	0.5822
February	0.5870	0.5791	0.5827
March	0.5901	0.5863	0.5881
April	0.6051	0.5898	0.5985
May	0.6054	0.6025	0.6045
June	0.6051	0.6025	0.6042
July	0.6048	0.5991	0.6027
August	0.5992	0.5899	0.5947
September	0.5909	0.5823	0.5853
October	0.6037	0.5847	0.5950
November	0.6041	0.6005	0.6026
December	0.6037	0.6011	0.6026