2024 LRD to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 LRD to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the LRD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 235.1387. Conversely, the yearly low was recorded on September 20, dropping to 210.4012.
This high-to-low spread represents a total annual volatility of 24.7375 IRR. From a start-to-finish perspective, comparing the January average rate of 222.3202 to the December average rate of 233.6099, the exchange rate registered a net change of 5.08% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 235.1387 was down 14.57% compared to the 2023 peak of 275.2382, 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 2024.
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 219.0391, compared to 221.0565 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0173 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 15.7533 IRR (High: 234.9482 / Low: 219.1949). On the other end, March was the most stable month, with a tight range of 1.3220 IRR (High: 219.4024 / Low: 218.0804).
Growth Streaks & Declines
TrendsBetween August and December, 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 February and March, when the average rate fell by 2.2496 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 233.6099) against the same month in 2023 (average: 224.3552), the exchange rate shifted by +9.2547 (+4.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 223.3983 | 221.2895 | 222.3202 |
| February | 221.2895 | 219.3633 | 220.7132 |
| March | 219.4024 | 218.0804 | 218.4636 |
| April | 223.7368 | 217.2090 | 218.2933 |
| May | 218.3056 | 216.8815 | 217.4543 |
| June | 217.7866 | 216.4605 | 216.9904 |
| July | 217.0577 | 215.3069 | 216.0143 |
| August | 216.5469 | 211.9123 | 215.2788 |
| September | 217.3556 | 210.4012 | 215.3016 |
| October | 219.5829 | 217.1979 | 218.4906 |
| November | 234.9482 | 219.1949 | 227.6436 |
| December | 235.1387 | 229.6024 | 233.6099 |