Official exchange rate in Iran, Islamic Republic of
Iran, Islamic Republic of: Official exchange rate was 42,000 LCU per US$, period average in 2023. β Volatile
Official exchange rate in Iran, Islamic Republic of, 1960β2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in LCU per US$, period average.
Analysis
The most recent figure for official exchange rate in Iran, Islamic Republic of is 42,000 LCU per US$, period average, measured in 2023. That is the highest value across all 64 years on record.
The figure is up 128.1% over ten years.
Over the whole period, official exchange rate in Iran, Islamic Republic of peaked at 42,000 LCU per US$, period average in 2019 and was at its lowest, 65.57 LCU per US$, period average, in 1992.
That places Iran, Islamic Republic of 2nd out of 214 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 75.75 LCU per US$, period average | 75.75 LCU per US$, period average | 75.75 LCU per US$, period average | 10 |
| 1970s | 71.33 LCU per US$, period average | 67.64 LCU per US$, period average | 75.75 LCU per US$, period average | 10 |
| 1980s | 79.11 LCU per US$, period average | 68.7 LCU per US$, period average | 91.07 LCU per US$, period average | 10 |
| 1990s | 1,198 LCU per US$, period average | 65.57 LCU per US$, period average | 1,753 LCU per US$, period average | 10 |
| 2000s | 7,394 LCU per US$, period average | 1,754 LCU per US$, period average | 9,864 LCU per US$, period average | 10 |
| 2010s | 25,342 LCU per US$, period average | 10,254 LCU per US$, period average | 42,000 LCU per US$, period average | 10 |
| 2020s | 42,000 LCU per US$, period average | 42,000 LCU per US$, period average | 42,000 LCU per US$, period average | 4 |
Countries ranked near Iran, Islamic Republic of
More financial sector data for Iran, Islamic Republic of
- Net domestic credit (current LCU), per capita 121.84 million current LCU per person (2016)
- Net domestic credit (current LCU), per unit of GDP 21,336 current LCU per US$ of GDP (2016)
- Net domestic credit (current LCU), annual growth rate 30.52 % change on previous year (2016)
- Gold reserves at 35 SDRs per ounce 169.47 million SDR (1995)
- Gold reserves at market value 1.26 billion SDR (1995)
- Reserves excluding gold, foreign exchange 4.79 billion SDR (1982)
- Reserves excluding gold 5.17 billion SDR (1982)
- Total reserves (gold at market value) 6.97 billion SDR (1982)
- Total reserves (gold at national valuation) 5.32 billion SDR (1982)
- Domestic credit to private sector by banks 57.8% (2016)
Frequently asked questions
- What is official exchange rate in Iran, Islamic Republic of?
- Official exchange rate in Iran, Islamic Republic of was 42,000 LCU per US$, period average in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest official exchange rate recorded in Iran, Islamic Republic of?
- The highest recorded value was 42,000 LCU per US$, period average in 2019.
- What is the lowest official exchange rate recorded in Iran, Islamic Republic of?
- The lowest recorded value was 65.57 LCU per US$, period average in 1992.
- How does Iran, Islamic Republic of rank for official exchange rate?
- Iran, Islamic Republic of ranks 2nd out of 214 countries with data for 2023.
- Is official exchange rate rising or falling in Iran, Islamic Republic of?
- Over the last ten years it is up 128.1%. The long-run trend across the full record is volatile.
- Where does this Iran, Islamic Republic of data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Official exchange rate (LCU per US$, period average). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.