The Iranian toman strengthens against the dollar as tensions ease.
The Iranian toman strengthens against the dollar as tensions ease.
2026-11-11
Shafaq News – Tehran
The Iranian toman continued its rise against the US dollar in the parallel market on Wednesday, as fears of a new US military escalation against Iran subsided, amid a relative improvement in market expectations regarding the political and security situation.
The dollar exchange rate in the Iranian free market reached about 260,500 tomans, down 0.19% compared to the previous day, while the value of the toman improved by about 4.93% compared to its level two weeks ago, when the dollar was worth about 274,000 tomans, reflecting an improvement in the value of the Iranian currency during the past period.
In contrast, the dollar exchange rate against the toman reached about 291,760 tomans per euro, while it reached about 348,760 tomans per pound sterling, with the value of the toman improving against the two currencies by 0.28% and 0.30% respectively.
This improvement comes amid a number of factors, most notably the decline in fears of a renewed military confrontation between the United States and Iran, following American statements that reduced the likelihood of new military strikes, coinciding with continued diplomatic efforts aimed at containing the escalation.
These developments helped to calm market fears of an escalating military confrontation, reduce demand for safe-haven assets, and lower global oil prices, which was reflected in currency movements and financial markets.
Improved investor appetite for risk and a decline in global demand for the dollar also helped support other currencies, as the dollar weakened against several major currencies, amid improved expectations regarding the diplomatic path to resolving the Iranian crisis.
However, the gains of the toman remain largely tied to political and security developments, at a time when Iran is facing ongoing economic pressures as a result of US sanctions, restrictions on its oil exports, difficulty accessing foreign currency sources, and high inflation rates.
shafaq.com
