Iran Rial Weakens Against Dollar and Euro
The Iranian rial depreciated against the US dollar and euro as the Central Bank released its official exchange rates for September 19. The official dollar rate rose to 1,663,768 rials, marking a clear decline in currency value.
The Central Bank of Iran set the official US dollar rate at 1,663,768 rials on September 19. This figure represents an increase from 1,658,791 rials on September 17. The euro rate fell to 1,907,263 rials from 1,913,953 rials over the same period. According to GN markets/fx (en-US), 29 currencies appreciated while 17 depreciated against the rial. The British pound decreased to 2,224,457 rials. The Swiss franc dropped to 2,018,469 rials. The Swedish krona weakened to 168,678 rials.
Regional currencies showed mixed performance in the official table. The Kuwaiti dinar rose to 5,396,853 rials. The Omani rial increased to 4,325,037 rials. The Saudi riyal climbed to 443,671 rials. The Turkish lira moved to 34,103 rials. The Russian ruble strengthened to 19,760 rials. The Chinese yuan appreciated to 248,129 rials. The Japanese yen weakened to 1,060,121 rials per 100 units.
Official rates diverge from street prices
The Central Bank applies the SANA system to currency exchange offices. Under this framework, the euro costs 1,907,263 rials. The dollar costs 1,663,768 rials. These official figures differ significantly from parallel market values. On the black market, one US dollar trades for 2,260,000 to 2,290,000 rials. One euro trades for 2,600,000 to 2,630,000 rials. The gap between official and street rates remains wide.
Broad currency movements in the table
The Canadian dollar fell to 1,187,600 rials. The New Zealand dollar dropped to 949,845 rials. The Australian dollar decreased slightly to 1,182,883 rials. The Singapore dollar weakened to 1,302,255 rials. The South Korean won fell to 1,198,211 rials per 1,000 units. The Indonesian rupiah dropped to 93,314 rials per 1,000 units. The Vietnamese dong and other Asian currencies also showed minor adjustments. The Bangladeshi taka rose to 1,354,469 rials per 100 units.
The Pakistani rupee increased to 600,084 rials per 100 units. The Sri Lankan rupee fell to 50,264 rials per 10 units. The Nepalese rupee rose to 1,082,648 rials per 100 units. The Myanmar kyat strengthened to 792 rials. The Afghan afghani moved to 25,644 rials. The Belarusian ruble climbed to 549,824 rials. The Tajik somoni increased to 180,312 rials. The Turkmen manat rose to 474,339 rials.
Gulf and European currency shifts
Gulf currencies generally strengthened against the rial. The UAE dirham rose to 453,034 rials. The Qatari riyal increased to 457,079 rials. The Bahraini dinar climbed to 4,424,915 rials. The Jordanian dinar rose to 2,346,640 rials. The Iraqi dinar moved to 126,953 rials per 100 units. The Libyan dinar strengthened to 261,839 rials. European currencies besides the euro and pound also saw changes. The Danish krone fell to 255,137 rials. The Norwegian krone dropped to 176,488 rials.
The Kazakh tenge rose to 372,286 rials per 100 units. The Georgian lari increased to 640,258 rials. The Azerbaijani manat climbed to 978,672 rials. The Philippine peso moved to 2,645,106 rials per 100 units. The Venezuelan bolivar fell to 1,963 rials. The Syrian pound rose to 13,637 rials. The Indian rupee strengthened to 17,330 rials. The South African rand increased to 102,039 rials.
