YEARLY HIGH
11070.8236 IRR
YEARLY LOW
9138.6589 IRR
YEARLY AVERAGE
10574.6515 IRR

2024 PLN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PLN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 11070.8236. Conversely, the yearly low was recorded on January 1, dropping to 9138.6589.

This high-to-low spread represents a total annual volatility of 1932.1647 IRR. From a start-to-finish perspective, comparing the January average rate of 10467.8470 to the December average rate of 10347.1037, the exchange rate registered a net change of -1.15% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 11070.8236 was up 2.46% compared to the 2023 peak of 10805.1967, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 PLN based on timing:

Yearly Peak High 221,416,471 IRR
2023 Average 201,425,780 IRR
Yearly Trough Low 182,773,178 IRR
Transaction Impact: A difference of 38,643,293.37 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

10998.2007
10264.1813
JanuMarcMayJulySeptNove

PLN 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 10527.6983, compared to 10621.6046 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 93.9063 points.

H1 Avg (Jan–Jun) 10527.6983
H2 Avg (Jul–Dec) 10621.6046

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 1497.8301 IRR (High: 10636.4890 / Low: 9138.6589). On the other end, February was the most stable month, with a tight range of 218.1047 IRR (High: 10591.9020 / Low: 10373.7973).

January Spread (Volatile) ±1497.8301
February Spread (Stable) ±218.1047

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 309.0737 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -309.0737

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 10937.0324) against the same month in 2023 (average: 9807.8931), the exchange rate shifted by +1129.1394 (+11.51%).

2024 Avg (September) 10937.0324
2023 Avg (September) 9807.8931

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 10636.4890 9138.6589 10467.8470
February 10591.9020 10373.7973 10492.7379
March 10752.5864 10512.7028 10609.1136
April 10728.3853 10229.7023 10482.4128
May 10745.4185 10420.2629 10626.0575
June 10774.7288 10285.9796 10488.0210
July 10790.9196 10466.9783 10674.0989
August 11062.2463 10553.3075 10818.0844
September 11070.8236 10808.6253 10937.0324
October 10858.7515 10440.5351 10627.9587
November 10566.5774 10108.9075 10325.3496
December 10443.9993 10221.0282 10347.1037