Routing the dollar without inflation / Will the real exchange rate reach the peak of 2019? The real exchange rate in Hesed 1405 approached the peak of Hesed 1399; Although it is less than this figure. The analysis of the trend of this index since 2013 shows that after the withdrawal of the US from the JCPOA in 2017, the real exchange rate experienced a significant jump and reached its historic peak in 2019, at the same time as the drop in oil exports and the shock of the corona virus. After that the index decreased until the years 1400 to 1403; But from the fall of 1403, the upward trend began again. In Shahriver and Hesed 1405, the real exchange rate increased by 15 and 12.6 percent, respectively. Based on October 1405 prices, by the end of October, this index is only 6.9% away from the historical record, which is the monthly average of 276,000 tomans. The continuation of foreign restrictions, the naval blockade and the increase in inflationary expectations could provide a basis for setting a new record. On the other hand, reducing political tensions and improving access to foreign exchange resources may stop the upward trend. the channel.

Routing the dollar without inflation / Will the real exchange rate reach the peak of 2019? The real exchange rate in Hesed 1405 approached the peak of Hesed 1399; Although it is less than this figure. The analysis of the trend of this index since 2013 shows that after the withdrawal of the US from the JCPOA in 2017, the real exchange rate experienced a significant jump and reached its historic peak in 2019, at the same time as the drop in oil exports and the shock of the corona virus. After that the index decreased until the years 1400 to 1403; But from the fall of 1403, the upward trend began again. In Shahriver and Hesed 1405, the real exchange rate increased by 15 and 12.6 percent, respectively. Based on October 1405 prices, by the end of October, this index is only 6.9% away from the historical record, which is the monthly average of 276,000 tomans. The continuation of foreign restrictions, the naval blockade and the increase in inflationary expectations could provide a basis for setting a new record. On the other hand, reducing political tensions and improving access to foreign exchange resources may stop the upward trend. the channel.