1 IRR to IQD - Convert Iranian Rial to Iraqi Dinar

Looking at the 30-day window, the IRR/IQD pair traded in a range of 0.000991 to 0.001000. The monthly average was 0.001000 with 0.16% volatility. The relatively low volatility indicates stable trading conditions for the IRR/IQD currency pair.

The current mid-market exchange rate is 1 IRR = 0.000952 IQD, updated as of July 3, 2026, 6:26 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Iranian Rial to Iraqi Dinar Exchange Rate

The IRR/IQD exchange rate tells you how many Iraqi Dinar (IQD) you receive for every Iranian Rial (IRR). At the current mid-market rate of 1 IRR = 0.000952 IQD, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

Understanding the IRR/IQD Conversion

Converting Iranian Rial to Iraqi Dinar involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

What Affects the IRR to IQD Rate

Exchange rates between Iranian Rial and Iraqi Dinar are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the IRR/IQD rate fluctuates throughout trading sessions and over longer time periods.

How to Get the Best IRR to IQD Rate

To minimize conversion costs, compare the rate offered by your bank or transfer service against the mid-market rate shown on this page. Online money transfer services and fintech apps often provide rates 2-3% better than traditional banks. For larger amounts, the savings from finding a competitive rate can be substantial. Always check the total cost including both the exchange rate markup and any fixed fees charged by the provider.

Iranian Rial Overview

The Iranian Rial (IRR) is the official currency of Iran. International sanctions have severely limited the rial's convertibility and created multiple exchange rates. Understanding the fundamentals behind IRR helps contextualize its exchange rate movements against IQD and other currencies.