2024 SYP to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 SYP to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the SYP to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 16.8157. Conversely, the yearly low was recorded on December 31, dropping to 3.2495.
This high-to-low spread represents a total annual volatility of 13.5662 IRR. From a start-to-finish perspective, comparing the January average rate of 16.7356 to the December average rate of 11.9756, the exchange rate registered a net change of -28.44% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 16.8157 was down 0.24% compared to the 2023 peak of 16.8555, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SYP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
SYP 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 16.7431, compared to 15.9595 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7836 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 13.5662 IRR (High: 16.8157 / Low: 3.2495). On the other end, August was the most stable month, with a tight range of 0.0050 IRR (High: 16.7580 / Low: 16.7530).
Growth Streaks & Declines
TrendsBetween February and June, 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 November and December, when the average rate fell by 4.7777 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 16.7453) against the same month in 2023 (average: 16.8190), the exchange rate shifted by -0.0738 (-0.44%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 16.7580 | 16.7311 | 16.7356 |
| February | 16.7580 | 16.7282 | 16.7320 |
| March | 16.7394 | 16.7282 | 16.7326 |
| April | 16.8157 | 16.7301 | 16.7453 |
| May | 16.8157 | 16.7411 | 16.7520 |
| June | 16.8157 | 16.7510 | 16.7611 |
| July | 16.8157 | 16.7510 | 16.7576 |
| August | 16.7580 | 16.7530 | 16.7554 |
| September | 16.8157 | 16.7530 | 16.7580 |
| October | 16.8157 | 16.7510 | 16.7569 |
| November | 16.7580 | 16.7461 | 16.7532 |
| December | 16.8157 | 3.2495 | 11.9756 |