2023 KRW to IRR Historical Review

YEARLY HIGH

34.5299 IRR

YEARLY LOW

31.0555 IRR

YEARLY AVERAGE

32.3415 IRR

2023 KRW to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 34.5299. Conversely, the yearly low was recorded on October 3, dropping to 31.0555.

This high-to-low spread represents a total annual volatility of 3.4744 IRR. From a start-to-finish perspective, comparing the January average rate of 33.7541 to the December average rate of 32.4506, the exchange rate registered a net change of -3.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 34.5299 was down 3.09% compared to the 2022 peak of 35.6296, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 172,649,363 IRR

2022 Average 164,120,397 IRR

Yearly Trough Low 155,277,505 IRR

Transaction Impact: A difference of 17,371,857.75 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

34.0006

31.0429

JanuMarcMayJulySeptNove

KRW 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 32.5856, compared to 32.0975 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4881 points.

H1 Avg (Jan–Jun) 32.5856

H2 Avg (Jul–Dec) 32.0975

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 2.5329 IRR (High: 34.5299 / Low: 31.9970). On the other end, October was the most stable month, with a tight range of 0.4916 IRR (High: 31.5471 / Low: 31.0555).

February Spread (Volatile) ±2.5329

October Spread (Stable) ±0.4916

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 0.9323 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.9323

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 33.0033) against the same month in 2022 (average: 35.2749), the exchange rate shifted by -2.2716 (-6.44%).

2023 Avg (February) 33.0033

2022 Avg (February) 35.2749

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.3077	32.7496	33.7541
February	34.5299	31.9970	33.0033
March	32.6251	31.8840	32.3079
April	32.4549	31.5167	31.9795
May	32.1683	31.4682	31.8336
June	33.3216	31.9444	32.6350
July	33.4014	32.0975	32.8785
August	32.8157	31.4900	31.9463
September	32.0452	31.1967	31.6774
October	31.5471	31.0555	31.2894
November	32.8102	31.3179	32.3426
December	32.8139	32.0834	32.4506