Escalation in the Middle East Sends Dollar Rates Soaring
The recent Iran-Israel conflict has sparked major concerns in forex markets, sending shockwaves across global finance. In Iran, the most immediate consequence is a steep rise in the USD to IRR and CAD to IRR rates in the currency exchange free market. Over just five days, the US dollar price in Iran climbed past 942,000 IRR, while the Canadian dollar (CAD) exchange rate hit 675,000 IRR, marking an increase of nearly 4.6%.
more