Currency rates in exchanges

Over the past ten days, the Canadian dollar has reached its lowest value against the Iranian toman in Canadian exchanges. This depreciation coincides with Iran and Russia signing a comprehensive strategic partnership treaty and the potential impact of U.S. policies under President Donald Trump on Iran's economy.

According to Arz Koocheh, as of January 17, 2025, the selling price of the Canadian dollar stands at 56,350 tomans, with a buying price of 55,800 tomans. This downward trend may be influenced by recent geopolitical developments.

On January 17, 2025, Iranian President Masoud Pezeshkian and Russian President Vladimir Putin signed a 20-year "comprehensive strategic partnership treaty" in Moscow. This agreement aims to strengthen cooperation in trade, military, science, education, and culture, enhancing economic and security ties between the two nations.

Concurrently, the potential return of Donald Trump to the U.S. presidency suggests a possible shift toward more stringent policies against Iran. Analysts anticipate that the Trump administration may seek a new deal to limit Iran's nuclear program, which could lead to increased sanctions and economic pressures on Iran.

In addition to the Canadian dollar, other currencies, such as the U.S. dollar, have experienced similar trends against the toman. For the latest exchange rates and the best buying and selling prices in exchanges across Canada, Australia, and the United Kingdom, visit Arz Koocheh.