Iran currency rates showed a noticeable rise on November 6, according to the latest data from the Central Bank of Iran. The central bank reported that the value of 46 major foreign currencies increased compared to the previous day. This rise reflects ongoing fluctuations in the local and global markets. Analysts say these changes affect both businesses and individuals who rely on foreign currency.
The official exchange rate for the US dollar now stands at 586,227 rials. Meanwhile, one euro is valued at 673,219 rials, up from 661,015 rials on November 5. Clearly, the official rates are climbing steadily, impacting trade and economic planning.
Currency exchange offices follow the SANA system, which shows even higher prices. Under this system, one euro costs 834,440 rials, and a US dollar is priced at 726,615 rials. Traders use this method to access transparent rates for currency transactions outside the central bank framework, closely monitoring these numbers to plan their activities.
The NIMA system also plays a crucial role in the monetization of foreign currency from exports. The latest NIMA rates show one euro at 810,136 rials and the US dollar at 705,452 rials. Exporters use this framework to manage revenues and encourage smoother trade operations. The differences between NIMA, SANA, and official rates highlight the multiple layers of Iran’s currency market.
Meanwhile, the black market continues to reflect much higher rates, often driven by demand and supply pressures. Currently, the US dollar trades around 1.04 to 1.07 million rials, while one euro costs roughly 1.20 to 1.23 million rials. These figures indicate significant gaps between official and market rates, which affect both consumers and businesses alike.
Overall, Iran’s currency rates remain volatile, influenced by domestic policies and global economic conditions. Observers suggest that these trends may continue in the near future, impacting imports, exports, and everyday expenses. Businesses and citizens must stay informed and carefully monitor all available exchange systems.
The continued rise in Iran currency rates highlights the importance of strategic financial planning. Whether through official, SANA, NIMA, or black market channels, staying updated is critical. Economists emphasize that understanding these fluctuations can help people mitigate risks in trade and personal finances.