EghtesadOnline: Forex rates posted heavy losses on the first day of trading week in Tehran on Saturday with major currencies sliding below support levels.
EghtesadOnline: Foreign exchange and gold prices in Tehran saw no significant swing for the second successive day. The US dollar gained 0.38% or 1,000 rials on Sunday and bought 258,000 rials in the open market.
EghtesadOnline: Currency rates eked out gains on Monday after several dull sessions with the dollar advancing above 250,000 rials. The spike extended to gold prices though the metal has been under pressure due to decline in international markets.
EghtesadOnline: Foreign exchange and gold prices were sluggish in the preceding Iranian week and like other markets stepped back due to the new round of lockdown to curb the spread of the coronavirus.
EghtesadOnline: Currency and gold prices fell again in Tehran on Tuesday. The dollar lost 2.32% or 6,000 rials to reach 252,000 rials on Tuesday in the free market.
EghtesadOnline: Foreign exchange and gold prices posted meager changes Monday amid nationwide restrictions on non-essential businesses to control spread of the Covid-19 plague.
EghtesadOnline: The Central Bank of Iran is struggling to curb the high foreign exchange rates as best as it can through its affiliated exchange bureaus.
EghtesadOnline: Downturn in the currency market extended to share prices in Tehran, particularly those of export-oriented companies.
EghtesadOnline: The currency and gold coin markets on Wednesday fluctuated posting drops after Tuesday's gains. The US dollar lost 2.5% or 6,000 rials during the day to close at 280,000 rials at Tehran’s open market.
EghtesadOnline: Foreign exchange and gold prices in Tehran increased on Tuesday after posting declines in the past couple of days.