December 29: Canadian Dollar Hits 103,800 Tomans in Tehran FX Market
The Canadian dollar price in tehr moved sharply this week. On December 28, Tehran’s FX market quoted 1 CAD near 103,800 tomans, up from 94,600 tomans a week earlier, a 9.72% rise. The shift signals pressure on the rial and a changing Iran rial exchange rate used across informal and retail channels. For Canadians sending remittances, paying suppliers, or planning travel, more tomans per CAD can help near term, yet volatility raises risk. Below we outline drivers, local impacts, and simple steps to manage exposure.
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