2023 LRD to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 LRD to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the LRD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 275.2382. Conversely, the yearly low was recorded on December 30, dropping to 222.9341.
This high-to-low spread represents a total annual volatility of 52.3041 IRR. From a start-to-finish perspective, comparing the January average rate of 269.9024 to the December average rate of 224.3552, the exchange rate registered a net change of -16.88% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 275.2382 was down 5.51% compared to the 2022 peak of 291.3006, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 LRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
LRD 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 259.7640, compared to 226.5104 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 33.2536 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 15.5190 IRR (High: 250.1109 / Low: 234.5919). On the other end, November was the most stable month, with a tight range of 0.5688 IRR (High: 225.2200 / Low: 224.6512).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 12.2192 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 269.8543) against the same month in 2022 (average: 274.9656), the exchange rate shifted by -5.1113 (-1.86%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 271.1975 | 267.6687 | 269.9024 |
| February | 275.2382 | 266.0377 | 269.8543 |
| March | 270.7447 | 260.4006 | 264.4211 |
| April | 260.4744 | 255.6733 | 259.0703 |
| May | 255.4799 | 250.1109 | 253.1548 |
| June | 250.1109 | 234.5919 | 242.1810 |
| July | 234.5919 | 226.7697 | 229.9618 |
| August | 227.2850 | 226.3365 | 226.9310 |
| September | 227.2849 | 226.2925 | 226.7403 |
| October | 226.4808 | 225.2667 | 226.0775 |
| November | 225.2200 | 224.6512 | 224.9967 |
| December | 225.4066 | 222.9341 | 224.3552 |