Sun Feb 09 07:50:00 UTC 2025: ## Iranian Rial Fluctuates Amidst Political Uncertainty and Seasonal Demand

**Tehran, Iran** – The Iranian rial experienced significant fluctuations in the foreign exchange market this week, driven by a mix of political risks, seasonal demand, and speculation, according to economic analysts.

While the dollar opened lower in the Tehran market on Sunday, falling 150 tomans compared to Friday’s closing, it quickly rebounded, climbing to the upper reaches of its trading range. In the Herat market, the dollar also saw initial gains, but later retreated under increased selling pressure. The UAE dirham also experienced a significant jump, rising to 24,600 tomans.

The official market saw a different picture, with both the dollar and euro decreasing in value. The dollar fell to 68,953 tomans, and the euro to 71,217 tomans. The official dirham rate also dropped.

In the cryptocurrency market, Bitcoin saw a positive trend, surpassing the 97,000 USD mark after a previous week’s decline. Tether also fluctuated, trading between 87,510 and 89,500 tomans. Technical analysts provided support and resistance levels for both Bitcoin and Tether, suggesting potential price movements in either direction.

Analysts attribute the rial’s volatility to ongoing political and economic uncertainty, particularly surrounding international negotiations and domestic developments. They expect the dollar to remain within a specific range in the short term, potentially influenced by both positive political news (leading to lower prices) and increased uncertainty (leading to higher prices). The analysts also highlight the impact of seasonal factors, with increased demand for dollars typically seen in the final three months of the year. This seasonal demand, coupled with inflationary pressures, is hindering efforts to lower the dollar’s price.

Some analysts view the current price levels as risky, predicting continued volatility until political and economic policies reach a clearer outcome. There are two main perspectives on the near-future market trend: one anticipating a price drop due to intervention by the central bank, and another suggesting the current volatility is too unpredictable to analyze. Traders, despite recent price increases, reportedly believe the market has not yet reached its peak.

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