Iran�s foreign exchange markets had a volatile trading week, culminating in a rise in the US dollar and gold coin prices. The dollar advanced 0.72 percent to 33,390 rials by the week�s close on Thursday.

Greenback started the week 50 rials above its weekly lowest, at 33,150 rials on Saturday in Ferdowsi Street � the center of currency trading in Iran. It hit the week�s high of 33,850 rials on Sunday, but spent the rest of the week declining to the week�s higher close. The Azadi gold coin shadowed the dollar�s moves in Ferdowsi, starting the week at 9,590,000 rials and gaining one percent to end the week at 9,690,000 rials. The Iranian benchmark for gold trading rose to a four-week high of 9,870,000 rials on Saturday, but later dropped to 9,560,000 rials on Tuesday, before climbing to the week�s close.

By Financial Tribune