Iranian Rial

The Iranian Rial increased to 25538 in April from 25469 in March of 2014. Iranian Rial averaged 8684.83 from 1999 until 2014, reaching an all time high of 42979 in January of 2003 and a record low of 1747.50 in May of 2000. The USDIRR spot exchange rate specifies how much one currency is currently worth in terms of the other. While the USDIRR spot exchange rate is quoted and exchanged in the same day, the USDIRR forward rate is quoted today but for delivery and payment on a specific future date. This page provides - Iranian Rial - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
25538.00 25469.00 42979.00 1747.50 25247.76 | 2014/05 1999 - 2014 Daily

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Iranian Rial
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Markets Last Previous Highest Lowest Forecast Unit
Currency 25538.00 2014-04-24 25469.00 42979.00 1747.50 25247.76 2014-05-31 [+]
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Currency | Notes
An exchange rate is the current market price for which one currency can be exchanged for another. For instance, if the Euro exchange rate for the United States Dollar stands at 1.3, this means that 1 euro can be exchanged for 1.3 U.S. dollars. Because exchange rates play such an important role in a country's competiveness level, currency exchange rates are among the most analysed and forecasted indicators in the world. The exchange rate is determined by the level of supply and demand on the international markets. However, changes in foreign exchange market rates are often difficult to understand and to predict because the market is very large and volatile. In fact, the currency markets are the most liquid in the world with a daily turnover of close to $2 trillion, which compares to $500 billion for the US government bond market and $70 billion on the New York Stock Exchange.


RELATED NEWS

Iran Consumer Price Index (CPI) at 186.60 Index Points  
Consumer Price Index (CPI) in Iran increased to 186.60 Index Points in March of 2014 from 184.30 Index Points in February of 2014. Consumer Price Index (CPI) in Iran is reported by the Central Bank of Iran.
Iran Consumer Spending at 285488.00 IRR Billion  
Consumer Spending in Iran decreased to 285488 IRR Billion in the fourth quarter of 2012 from 290513 IRR Billion in the third quarter of 2012. Consumer Spending in Iran is reported by the Central Bank of Iran.
Iran Crude Oil Production at 3200.00 Thousands Barrels per Day  
Crude Oil Production in Iran remained unchanged at 3200 Thousands Barrels per Day in December of 2013 from 3200 Thousands Barrels per Day in November of 2013. Crude Oil Production in Iran is reported by the U.S. Energy Information Administration.
Iran Gdp Constant Prices at 122114.00 IRR Billion  
Gdp Constant Prices in Iran decreased to 122114 IRR Billion in the fourth quarter of 2012 from 127637 IRR Billion in the third quarter of 2012. Gdp Constant Prices in Iran is reported by the Central Bank of Iran.
Iran Gross Fixed Capital Formation at 527189.00 IRR Billion  
Gross Fixed Capital Formation in Iran increased to 527189 IRR Billion in the fourth quarter of 2012 from 383930 IRR Billion in the third quarter of 2012. Gross Fixed Capital Formation in Iran is reported by the Central Bank of Iran.
Iran Producer Prices at 510.20 Index Points  
Producer Prices in Iran increased to 510.20 Index Points in March of 2014 from 505.90 Index Points in February of 2014. Producer Prices in Iran is reported by the Central Bank of Iran.
Iran Current Account at 6092.00 USD Million  
Iran recorded a Current Account surplus of 6092 USD Million in the first quarter of 2013. Current Account in Iran is reported by the Central Bank of Iran.
Iran Inflation Rate at 22.80 Percent  
The inflation rate in Iran was recorded at 22.80 percent in February of 2014. Inflation Rate in Iran is reported by the Central Bank of Iran.
Iran Government Budget at -0.78 Percent of GDP  
Iran recorded a Government Budget deficit equal to 0.78 percent of the country's Gross Domestic Product in 2013. Government Budget in Iran is reported by the Central Bank of Iran.
Iran Current Account to GDP at 8.12 Percent  
Iran recorded a Current Account surplus of 8.12 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Iran is reported by the Central Bank of Iran.
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