A review of performance of forex, gold and stock markets over ten years show that the average returns were higher than the inflation rate.
According to data compiled by the Tehran Chamber of Commerce, Industries, Mines and Agriculture (TCCIM), except for one year, all three markets were of the ascending order.
The stock market apparently was at the top as the average annual growth of the benchmark of Tehran Stock Exchange, TEDPIX was 48.7% in the decade.
This was followed by the US dollar and gold coin. The greenback on average was up 35.9% annually based on free market rates while gold coins gained 35.2% and the euro climbed 33.4%.
Add new comment