Iranian Rial

Iranian Rial

The Iranian rial (Persian: ریال ایران‎ Riâl Irân; ISO 4217 code IRR) is the currency of Iran.Although the "toman" (تومان tumân) is no longer an official unit of Iranian currency, Iranians commonly express amounts of money and prices of goods in "tomans". For this purpose, one "toman" equals 10 rials. Despite this usage, amounts of money and prices of goods are virtually always written in rials. For example, the sign next to a loaf of bread in a store would state the price in rials, e.g., "10,000 rials," even though the clerk, if asked, would say that the bread costs "1000 tomans". There is no official symbol for the currency but the Iranian standard ISIRI 820 defined a symbol for use on typewriters (mentioning that it is an invention of the standards committee itself) and the two Iranian standards ISIRI 2900 and ISIRI 3342 define a character code to be used for it. The Unicode Standard has a compatibility character defined U+FDFC ﷼ Rial sign (HTML ﷼). The Iranian rial was devalued in July 2013 to half its previous value as the government reduced subsidisation of the exchange rate against the dollar. In December 2016, the Iranian government announced the country's currency would be changed from the rial to the commonly used toman. Such a move requires the approval of the Iranian Parliament.

Canadian Dollar

Canadian Dollar

The Canadian dollar (symbol: $; code: CAD; French: dollar canadien) is the currency of Canada. It is abbreviated with the dollar sign $, or sometimes Can$ or C$ to distinguish it from other dollar-denominated currencies. It is divided into 100 cents (¢). Owing to the image of a loon on the one-dollar coin, the currency is sometimes referred to as the loonie by foreign exchange traders and analysts, as it is by Canadians in general, or huard in French. Accounting for approximately 2% of all global reserves, the Canadian dollar is the fifth most held reserve currency in the world, behind the U.S. dollar, the euro, the yen and the pound sterling. The Canadian dollar is popular with central banks because of Canada's relative economic soundness, the Canadian government's strong sovereign position, and the stability of the country's legal and political systems.

32045 Iranian Rial to Canadian Dollar exchange rates chart

32045 IRR to CAD exchange rates graph
32045 IRR to CAD Spot rate – This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate’. It is not the tourist rate and you cannot buy currency at this rate, as you are buying relatively small amounts of foreign currency. In everyday life it is the same as the difference between wholesale and retail prices. The rates shown in financial newspapers and in broadcast media are usually the interbank rates.

32045 IRR to CAD exchange rates table

Exchange IRR to CAD
32045 Iranian Rial = 1.014 Canadian Dollar
64090 Iranian Rial = 2.029 Canadian Dollar
160225 Iranian Rial = 5.072 Canadian Dollar
320450 Iranian Rial = 10.144 Canadian Dollar
Exchange Iranian Rial to Canadian Dollar
32045 Iranian Rial to Canadian Dollar Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.

32045 IRR to CAD exchange rates news

Is US’ new Middle East strategy viable

US Secretary of State Mike Pompeo during a tour of the newly inaugurated Al-Fattah Al-Alim mosque in Egypt’s new administrative capital, east of Cairo. (AFP)

5 days conditional neutral
OFAC Adds Iranian Bitcoin Exchangers' Names And Wallet Addresses To SDN List, Ushers In "New Approach" To Sanctions Enforcement - International Law - Worldwide

OFAC notes that either method would be satisfactory so long as there is an audit trail to permit the digital currency to be unblocked in the future. Worldwide International Law Akin Gump Strauss Hauer & Feld LLP 14 Jan 2019

7 days indicative neutral
Iran’s proposed budget betrays economic crisis

At the end of each year, the Iranian government proposes a budget bill in the country’s parliament (Majlis). After the bill is passed there, a clerical body also has to approve the legislation. Consequently, Iran’s Central Bank will present monetary and credit policies that correspond with the budget.

8 days conditional neutral
Afghan migrants returning from Iran reach record high in 2018

Abdul Hakim, 28, had just found a job in Iran after a month of searching when he was detained and kicked out. He faces an uncertain future as he tries to find a way to support his wife and three young children.

12 days indicative neutral
OUTLOOK 2019 Iran

The Islamic Republic’s fate is wrapped up in that of Donald Trump. To throttle Iran’s economy he’ll need to stay able to project his power.

17 days conditional neutral
Transferring money to Philippines from Canada | Philippine Canadian Inquirer
Transferring money to Philippines from Canada | Philippine Canadian Inquirer

Transfer of funds between countries. A struggle we all know all too well, but seems like wherever we turn our head, there are more fees lurking in the...

10 days indicative neutral
Jamaican dollar dips more than $1 against US in a day

The Jamaican dollar depreciated by $1.08 against the US dollar on Thursday, according to the trading summary from the Bank of Jamaica (BOJ). It closed at $130.65 again

10 days indicative negative

32045 IRR to CAD currency converter