Title: Turkish Lira Holds Steady Against Iranian Toman in Monday Trading
Tehran – The exchange rate for the Turkish Lira remained stable in Iran’s open market this Monday, September 1st, holding at the value established in the previous trading session.
Market Stability After Recent Gains
Following a significant increase of 80 Tomans (3.14%) on Sunday, which saw the Lira climb to 2,630 Tomans, the currency’s value showed no fluctuation in early Monday trading. This period of stability indicates a potential consolidation in the forex market after a period of notable appreciation for the Lira.
Trading Range and Performance Metrics
Market data from the past 24 hours shows the Turkish Lira traded within a range, with its highest point at 2,630 Tomans and its lowest at 2,550 Tomans. The currency’s current standing reflects a robust medium-term performance, demonstrating a 9.58% gain compared to its rate one week ago. Furthermore, over the past six months, the value of the Turkish Lira has seen an overall increase of approximately 3.75%.
Broader Currency Context
The report also provided key cross-currency benchmarks for context. The current exchange rate sees 100 US Dollars equivalent to 4,115 Turkish Lira. For domestic transactions, one million Iranian Tomans can be exchanged for 380 Turkish Lira.
Source: Intitar
