YEARLY HIGH
4179.3086 IRR
YEARLY LOW
3792.2834 IRR
YEARLY AVERAGE
3982.6041 IRR

2024 SEK to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the SEK to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 4179.3086. Conversely, the yearly low was recorded on December 25, dropping to 3792.2834.

This high-to-low spread represents a total annual volatility of 387.0252 IRR. From a start-to-finish perspective, comparing the January average rate of 4064.5634 to the December average rate of 3836.7828, the exchange rate registered a net change of -5.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4179.3086 was down 1.17% compared to the 2023 peak of 4228.9776, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SEK based on timing:

Yearly Peak High 20,896,543 IRR
2023 Average 19,906,628 IRR
Yearly Trough Low 18,961,417 IRR
Transaction Impact: A difference of 1,935,125.84 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4147.5146
3808.5345
JanuMarcMayJulySeptNove

SEK 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 3989.6613, compared to 3975.5470 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 14.1142 points.

H1 Avg (Jan–Jun) 3989.6613
H2 Avg (Jul–Dec) 3975.5470

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 223.7437 IRR (High: 4145.5964 / Low: 3921.8527). On the other end, December was the most stable month, with a tight range of 89.5330 IRR (High: 3881.8164 / Low: 3792.2834).

August Spread (Volatile) ±223.7437
December Spread (Stable) ±89.5330

Growth Streaks & Declines

Trends

Between April and June, 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 October and November, when the average rate fell by 152.4475 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -152.4475

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 4064.5634) against the same month in 2023 (average: 4036.3945), the exchange rate shifted by +28.1689 (+0.70%).

2024 Avg (January) 4064.5634
2023 Avg (January) 4036.3945

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 4179.3086 4009.4038 4064.5634
February 4088.3051 3963.6705 4028.6558
March 4116.7480 3928.0274 4032.9491
April 3986.2742 3818.4531 3888.2746
May 4009.9334 3851.2746 3916.2201
June 4055.0131 3959.8000 4007.3046
July 4070.1866 3884.9039 3960.2704
August 4145.5964 3921.8527 4051.0244
September 4174.6008 4052.1142 4119.2663
October 4101.3112 3941.2523 4019.1929
November 3970.7489 3803.3100 3866.7454
December 3881.8164 3792.2834 3836.7828