The Central Bank of Iran (CBI) released official exchange rates for foreign currencies on February 18. Overall, most currencies increased, while four declined compared to February 17. The U.S. dollar rose to 1,289,936 rials from 1,283,081 rials. Similarly, the euro climbed to 1,526,180 rials from 1,520,725 rials. However, the British pound fell slightly to 1,746,415 rials. Meanwhile, the Swiss franc reached 1,671,280 rials, the Canadian dollar stood at 944,756 rials, and the Australian dollar rose to 911,050 rials.
Regional and Asian currencies also gained ground. For instance, the UAE dirham increased to 351,242 rials, and the Indian rupee rose to 14,231 rials. Additionally, the Chinese yuan reached 186,707 rials. In contrast, minor declines appeared in the Swedish króna and Norwegian krone. The Japanese yen and South Korean won posted moderate growth.
Furthermore, the CBI introduced the SANA system for currency exchange offices. Under this system, the euro costs 1,618,824 rials, and the dollar costs 1,368,239 rials. On the black market, the U.S. dollar trades between 1.58 and 1.61 million rials, while the euro trades at 1.87 to 1.9 million rials. Therefore, high demand for foreign currencies keeps black market rates above official figures.
Analysts note that the rial faces ongoing pressure from regional and global economic conditions. Consequently, the CBI adjusts official rates regularly to stabilize the market, guide importers and exporters, and help businesses plan effectively. These exchange rates provide essential information for companies and individuals handling foreign transactions. In addition, travelers can use them to plan currency exchanges efficiently. Observers also say that fluctuations in major currencies indicate broader economic trends in Iran.
Overall, the figures show a cautious upward trend for most foreign currencies. The CBI’s actions aim to reduce volatility while maintaining market stability. Therefore, the latest movements reflect Iran’s efforts to balance domestic needs with international financial pressures. In conclusion, the exchange rates highlight the central bank’s role in managing Iran’s complex currency market and underscore ongoing demand for foreign currency across the country.