Iran Value in USD: Iranian Rial Drops to a New Record Low

September 2026

The value of the Iranian rial has dramatically dropped against the US dollar, reaching a new record low in September 2026.

For anyone looking for the Iran value in USD or the current Iranian rial to USD exchange rate, this is an important change to know before traveling to Iran or exchanging foreign currency.

 

Iran Value in USD

In September 2026, the value of the Iranian rial reached approximately:

1 USD = 2.3 million Iranian rials

This is the free-market exchange rate and can change from day to day.

The current rate is dramatically different from the exchange rate only a few years ago.

Iranian Rial Value Against the US Dollar

Year / Period	Approximate free-market rate
2018	55,000 IRR = 1 USD
March 2025	1,039,000 IRR = 1 USD
December 2025	1,300,000+ IRR = 1 USD
April 2026	1,810,000 IRR = 1 USD
August 2026	2,020,000 IRR = 1 USD
September 2026	2,300,000 IRR = 1 USD

These figures are approximate historical rates. The free-market value of the rial continues to fluctuate.

The Iranian Rial Has Lost Most of Its Value

The change is particularly clear when we compare today’s exchange rate with the rate in 2018.

In 2018:

1 USD ≈ 55,000 Iranian rials

In September 2026:

1 USD ≈ 2,300,000 Iranian rials

This means that the number of rials required to exchange for one US dollar has increased enormously.

The Iranian rial has therefore lost a very large amount of its value against the US dollar over the past several years.

 

Why Is the Iran Value in USD Important?

The Iran value in USD is particularly important for foreign visitors because most international travelers think about their budgets in US dollars, euros or other major currencies.

When the exchange rate changes significantly, the amount of Iranian rials received for foreign currency also changes.

However, the exchange rate is not fixed. The free-market value of the rial can change quickly, so travelers should always check the latest exchange rate before exchanging money.

Rial and Toman

Visitors should also know that Iran uses two commonly used units when discussing money.

The official currency is the Iranian rial (IRR), while people in everyday life commonly use the toman.

1 toman = 10 rials

Therefore:

2,300,000 rials = 230,000 tomans

When discussing prices in Iran, it is important to confirm whether a price is quoted in rials or tomans.

Iran Value in USD Today

As of September 2026, the approximate free-market exchange rate is:

1 USD ≈ 2.3 Million Iranian Rials

The exact rate can change, so this figure should be considered a reference for the date of publication rather than a fixed exchange rate.

Adventure Iran will update this article as the Iranian rial changes in value against the US dollar.

But does the dramatic fall in the Iranian rial mean that the cost of traveling in Iran has also fallen in USD?