2024 KRW to IRR Historical Review

YEARLY HIGH

32.8781 IRR

YEARLY LOW

28.5795 IRR

YEARLY AVERAGE

30.8823 IRR

2024 KRW to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the KRW to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 32.8781. Conversely, the yearly low was recorded on December 31, dropping to 28.5795.

This high-to-low spread represents a total annual volatility of 4.2986 IRR. From a start-to-finish perspective, comparing the January average rate of 31.7455 to the December average rate of 29.2845, the exchange rate registered a net change of -7.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 32.8781 was down 4.78% compared to the 2023 peak of 34.5299, 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 164,390,461 IRR

2023 Average 161,690,364 IRR

Yearly Trough Low 142,897,309 IRR

Transaction Impact: A difference of 21,493,151.63 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

31.9916

29.0384

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 31.1513, compared to 30.6133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5380 points.

H1 Avg (Jan–Jun) 31.1513

H2 Avg (Jul–Dec) 30.6133

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 1.6192 IRR (High: 32.8781 / Low: 31.2589). On the other end, February was the most stable month, with a tight range of 0.4000 IRR (High: 31.7380 / Low: 31.3380).

January Spread (Volatile) ±1.6192

February Spread (Stable) ±0.4000

Growth Streaks & Declines

Trends

Between July and September, 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 November and December, when the average rate fell by 0.8908 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8908

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 31.7455) against the same month in 2023 (average: 33.7541), the exchange rate shifted by -2.0087 (-5.95%).

2024 Avg (January) 31.7455

2023 Avg (January) 33.7541

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.8781	31.2589	31.7455
February	31.7380	31.3380	31.5496
March	32.0549	31.1250	31.5529
April	31.2447	30.2221	30.7141
May	31.2281	30.5241	30.8618
June	30.8312	30.1895	30.4838
July	30.7573	30.2831	30.4585
August	31.7709	30.5821	31.1860
September	32.1340	31.3109	31.6574
October	31.7708	30.3206	30.9181
November	30.6440	29.8974	30.1753
December	30.1576	28.5795	29.2845