News
BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·BBCSwinney defends food prices policy ahead of first minister vote·Economic TimesIndia fuel price hike among world's lowest: BJP·SCMPSome Asian airlines could collapse like Spirit without help on rising fuel costs·SCMPTexans accuse Japan of doing ‘deal with the devil’ by funding US fossil fuel projects·SCMPHong Kong property upswing poised to hold despite interest rates risk: Moody’s·SCMPCuba warns of ‘bloodbath’ if US attacks as Washington expands sanctions·NYTOil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears·SCMPUS extends Russian oil waiver by 30 days as Hormuz closure chokes supply·
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IRR

Iranian Rial

IRR · Iran

56
High
Risk
Historical Scores
536168Jul 2021Jul 2023May 2026
What does this mean for you?

The Iranian Rial is under significant pressure, scoring 56 out of 100. This isn't a crisis yet, but things are moving in the wrong direction. If you're saving in this currency, you need to be paying attention — your purchasing power is being eroded.

Your savings need 34.0%/yr returns to not lose value. IRR100 today → IRR75 next year. Calculator ↓

Inflation
32.5%
Debt / GDP
Not available
GDP Growth
3.7%
FX Volatility
100.0
Governance
Not available
Reserves
5.8 mo
Analysis
What's working well
Economy is growing healthily
What to watch out for
The currency has been swinging wildly — hard to plan ahead
Restrictions on moving your money out of the country
The official exchange rate doesn't match what people actually pay (60% gap)
Full Iran analysis →

Savings Impact Calculator

IRR
Holding cash in IRR32.5% inflation
IRR 245−IRR 755 (75% purchasing power lost)
Your IRR 1,000 buys 75% less in 5 years
What if you invested IRR 1,000 instead? (5yr, in IRR terms)
USD-denominated assets gain an additional ~29.5%/yr from expected IRR depreciation vs USD
Hold USD Cash
IRR 3234
+IRR 2234
+26.5%/yr net in IRR
S&P 500
IRR 5275
+IRR 4275
range: IRR 2868–IRR 9079
10% USD return + 29.5% FX · ±16% vol
Gold
IRR 4907
+IRR 3907
range: IRR 1880–IRR 11.0k
8% USD return + 29.5% FX · ±24% vol
Bitcoin
IRR 8791
+IRR 7791
range: IRR 1023–IRR 39.4k
25% USD return + 29.5% FX · ±54% vol

All values in IRR. USD-denominated assets (S&P 500, Gold, Bitcoin) include an estimated FX gain of ~29.5%/yr based on the inflation differential between Iran (32.5%) and the US (~3%). This uses purchasing power parity as a long-run approximation — actual FX movements can differ significantly in the short term. S&P 500 based on 1957-2024, Gold on 2000-2024, Bitcoin on 2015-2024. Past performance does not guarantee future results. Not financial advice.

Holding other assets too? Calculate your full portfolio risk →

Recent News

All news →
NYTNegativeMay 18
Oil Prices Climb and Bonds Falter as Iran War Raises Inflation Fears
NYTNegativeMay 18
G7 Finance Ministers Look to Contain Iran Economic Fallout
GuardianNegativeMay 18
Oil prices rise and bonds wobble as Iran war stokes inflation fears
NYTMay 16
Which Countries Are Profiting From the Iran War Oil Shock
CNBCMay 13
Trump in China: Traders predict a tariff truce extension and Boeing aircraft purchases
This score is based on our 12-factor risk model. Think inflation or debt should matter more? Build your own model with custom weights and see how IRR ranks differently.
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