2023 SRD to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SRD to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SRD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 1326.1507. Conversely, the yearly low was recorded on July 23, dropping to 1093.1187.
This high-to-low spread represents a total annual volatility of 233.0319 IRR. From a start-to-finish perspective, comparing the January average rate of 1318.1225 to the December average rate of 1130.3288, the exchange rate registered a net change of -14.25% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 1326.1507 was down 36.27% compared to the 2022 peak of 2080.9733, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SRD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SRD 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 1204.5755, compared to 1111.7032 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 92.8722 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 89.9784 IRR (High: 1261.1121 / Low: 1171.1337). On the other end, August was the most stable month, with a tight range of 10.7398 IRR (High: 1107.9988 / Low: 1097.2590).
Growth Streaks & Declines
TrendsBetween September and December, 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 March and April, when the average rate fell by 70.2087 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 1318.1225) against the same month in 2022 (average: 1997.6566), the exchange rate shifted by -679.5341 (-34.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1326.1507 | 1284.2667 | 1318.1225 |
| February | 1318.7500 | 1247.5167 | 1287.2345 |
| March | 1261.1121 | 1171.1337 | 1219.4587 |
| April | 1181.7025 | 1129.4225 | 1149.2500 |
| May | 1138.4611 | 1116.1716 | 1132.0256 |
| June | 1133.9737 | 1103.0515 | 1121.3615 |
| July | 1142.5000 | 1093.1187 | 1112.0209 |
| August | 1107.9988 | 1097.2590 | 1104.6955 |
| September | 1110.1914 | 1094.6588 | 1103.2112 |
| October | 1112.1711 | 1101.0101 | 1107.4989 |
| November | 1118.3862 | 1107.2229 | 1112.4640 |
| December | 1145.8546 | 1115.9359 | 1130.3288 |