2024 NPR to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 NPR to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the NPR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 318.9703. Conversely, the yearly low was recorded on December 29, dropping to 308.2842.
This high-to-low spread represents a total annual volatility of 10.6861 IRR. From a start-to-finish perspective, comparing the January average rate of 316.2574 to the December average rate of 310.4353, the exchange rate registered a net change of -1.84% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 318.9703 was down 2.49% compared to the 2023 peak of 327.1058, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NPR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
NPR 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 315.9807, compared to 313.0171 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.9636 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was January, with a trading range of 4.9426 IRR (High: 317.6999 / Low: 312.7573). On the other end, July was the most stable month, with a tight range of 1.7268 IRR (High: 315.8463 / Low: 314.1195).
Growth Streaks & Declines
TrendsBetween January and March, 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 1.4937 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 316.6531) against the same month in 2023 (average: 320.5569), the exchange rate shifted by -3.9038 (-1.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 317.6999 | 312.7573 | 316.2574 |
| February | 317.5692 | 314.1712 | 316.5350 |
| March | 318.9703 | 314.9215 | 316.6531 |
| April | 316.5256 | 314.5589 | 315.4985 |
| May | 317.1637 | 313.2776 | 315.5816 |
| June | 317.5455 | 313.3220 | 315.3584 |
| July | 315.8463 | 314.1195 | 314.8921 |
| August | 317.1378 | 312.9262 | 313.9067 |
| September | 316.4355 | 312.8701 | 313.9647 |
| October | 314.0895 | 312.3265 | 312.9745 |
| November | 313.1948 | 310.0811 | 311.9290 |
| December | 312.0835 | 308.2842 | 310.4353 |