Iran, Islamic Rep.'s official exchange rate (LCU per US$, period average) was US$42,000 in 2023, the latest year in the World Bank's World Development Indicators. That is up 128.08% from US$18,414 in 2013 (8.59% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$42,000 | 2023 |
| Five years earlier | US$40,864 | 2018 |
| Ten years earlier | US$18,414 | 2013 |
| Highest | US$42,000 | 2019 |
| Lowest | US$65.57 | 1992 |
| Average since 2014 | US$36,996 | 2014–2023 |
| First recorded | US$75.75 |
What the numbers say
In 2023, Iran, Islamic Rep.'s official exchange rate (LCU per US$, period average) did not change US$0 on 2022 (from US$42,000 to US$42,000).
Across the 30 yearly changes before that (1993 to 2022), the average change was +US$1,398 and a typical year strayed about US$2,260 from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$7,638 in 2018 and the biggest yearly fall was US$12.29 in 1986. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about US$1,929 a year. A straight line explains 81% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to Iran, Islamic Rep. in the 2023 ranking
- Yemen, Rep. — 2nd of 5: US$1,355
- Malawi — 3rd of 5: US$1,161
- Mauritania — 4th of 5: US$36.49
What this measures
Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. This indicator represents the ratio of Local Currency Units relative to United States dollars.This indicator is derived as an average over the reference period.
Limitations: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output.
All 64 values
| Year | Official exchange rate (LCU per US$, period average) |
|---|---|
| 2023 | 42,000 |
| 2022 | 42,000 |
| 2021 | 42,000 |
| 2020 | 42,000 |
| 2019 | 42,000 |
| 2018 | 40,864 |
| 2017 | 33,226 |
| 2016 | 30,915 |
| 2015 | 29,011 |
| 2014 | 25,942 |
| 2013 |
Official exchange rate (LCU per US$, period average) in nearby economies
- Afghanistan — US$76.81 (2020)
- Algeria — US$131.61 (2025)
- Bahrain — US$0.38 (2025)
- Djibouti — US$177.72 (2025)
- Egypt, Arab Rep. — US$49.23 (2025)
- Iraq — US$1,300 (2025)
- Israel — US$3.45 (2025)
- Jordan — US$0.71 (2025)
- Kuwait — US$0.31 (2025)
- Lebanon
More financial sector data for Iran, Islamic Rep.
- Consumer price index (2010 = 100) — 4,030 (2025)
- Inflation, consumer prices (annual % growth) — 42.17% (2025)
- GDP deflator (base year varies by country) — 342.89 (2025)
- DEC alternative conversion factor (LCU per US$) — US$742,604 (2025)
- Inflation, GDP deflator (annual % growth) — 28.78% (2025)
- Monetary sector credit to private sector (% of GDP) — 57.83% (2016)
- Domestic credit to private sector (% of GDP) — 57.83% (2016)
- Domestic credit to private sector by banks (% of GDP) — 57.83% (2016)
- Broad money (current LCU)
Reading data like this
Questions people ask
- What is Iran, Islamic Rep.'s official exchange rate (LCU per US$, period average)?
- US$42,000 in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 55,346% from US$75.75 in 1960 (10.55% a year on average, compounded). The highest value was US$42,000 in 2019 and the lowest US$65.57 in 1992.
- Is the latest change in official exchange rate (LCU per US$, period average) unusual for Iran, Islamic Rep.?
- In 2023, Iran, Islamic Rep.'s official exchange rate (LCU per US$, period average) did not change US$0 on 2022 (from US$42,000 to US$42,000). Across the 30 yearly changes before that (1993 to 2022), the average change was +US$1,398 and a typical year strayed about US$2,260 from that (the standard deviation). This year's change was 0.6 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator PA.NUS.FCRF, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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