Iran, Islamic Republic of Real Effective Exchange Rate
Real effective exchange rate index PX.REX.REER
Iran, Islamic Republic of's real effective exchange rate was 625.71 in 2024, ranked 106th globally. This represents a 31.0% increase from 2023. Data from BIS, covering 1979–2024.
Overview
Iran, Islamic Republic of's real effective exchange rate stood at 625.71 in 2024, a rise of +148.08 from 2023. Based on recent trends, this figure is projected to reach 716.45 by 2025. Iran, Islamic Republic of ranked 106th globally.
Iran's Real Effective Exchange Rate has experienced significant fluctuations over the past 46 years, with its value more than tripling since the 1979 Islamic Revolution. Following a prolonged period of depreciation, the REER began to appreciate in the 1990s, and it reached its all-time peak of 625.71 in 2024, ranking 106th globally. This upward trend contrasts with the experience of Moldova, a peer country, which has maintained a relatively stable and low REER throughout the period, with a value of 180.67. The extreme depreciation witnessed in 1993, when the REER hit a trough of 54.59, reflects the economic turmoil that accompanied the country's isolation and sanctions. With the Iranian economy facing ongoing challenges, a shift in global trade dynamics or a significant improvement in the country's economic fundamentals could alter the trajectory of its REER, potentially leading to a sustained appreciation or, conversely, a renewed period of depreciation.
Data & projection
| Year | Real Effective Exchange Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 949.18 | - | - |
| 2026* trend | 832.81 | - | - |
| 2025* trend | 716.45 | - | - |
| 2024 | 625.71 | +148.08 | #106 |
| 2023 | 477.63 | +142.06 | #106 |
| 2022 | 335.57 | +105.18 | #106 |
| 2021 | 230.38 | +62.87 | #106 |
| 2020 | 167.52 | +38.68 | #106 |
| 2019 | 128.83 | +12.30 | #103 |
| 2018 | 116.53 | +15.15 | #93 |
| 2017 | 101.39 | +1.05 | #66 |
| 2016 | 100.34 | +2.45 | #62 |
| 2015 | 97.89 | +6.04 | #55 |
| 2014 | 91.86 | −31.66 | #14 |
| 2013 | 123.52 | −3.26 | #102 |
| 2012 | 126.78 | +12.66 | #103 |
| 2011 | 114.12 | +14.12 | #104 |
| 2010 | 100.00 | +1.01 | #54 |
Detected Pattern
Analysis
Iran, Islamic Republic of matched the Stagflation Risk pattern in 2019. Historically, 38% of countries showing this pattern (117 out of 307) saw real effective exchange rate improve within 24 months. View full analysis →
Frequently Asked Questions
Iran, Islamic Republic of's real effective exchange rate was 625.71 in 2024. Ranked 106th globally. This represents a 31.0% increase from the previous year.
Iran, Islamic Republic of's real effective exchange rate peaked at 625.71 in 2024.
The lowest real effective exchange rate in Iran, Islamic Republic of was 54.59 in 1993.
Iran, Islamic Republic of ranks 106th globally in real effective exchange rate as of 2024.
The World Bank indicator code is PX.REX.REER. Data sourced from BIS.
Iran, Islamic Republic of's real effective exchange rate is projected to reach 716.45 by 2025 based on trend extrapolation.
The real effective exchange rate of Iran, Islamic Republic of in 2024 was 625.71. This ranks 106th in the world.
Cite this page
@misc{historysaid_iran-islamic-republic-of_reer,
title = {Iran, Islamic Republic of Real Effective Exchange Rate},
url = {https://historysaid.com/iran-islamic-republic-of/reer/},
publisher = {HistorySaid},
year = {2026}
}