YEARLY HIGH
0.0066 OMR
YEARLY LOW
0.0063 OMR
YEARLY AVERAGE
0.0065 OMR

2024 DOP to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the DOP to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 4, valuing the pair at 0.0066. Conversely, the yearly low was recorded on December 31, dropping to 0.0063.

This high-to-low spread represents a total annual volatility of 0.0003 OMR. From a start-to-finish perspective, comparing the January average rate of 0.0066 to the December average rate of 0.0063, the exchange rate registered a net change of -3.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0066 was down 6.36% compared to the 2023 peak of 0.0071, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 DOP based on timing:

Yearly Peak High 33 OMR
2023 Average 34 OMR
Yearly Trough Low 32 OMR
Transaction Impact: A difference of 1.71 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0066
0.0063
JanuMarcMayJulySeptNove

DOP to OMR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.0065, compared to 0.0064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0065
H2 Avg (Jul–Dec) 0.0064

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0001 OMR (High: 0.0066 / Low: 0.0065). On the other end, October was the most stable month, with a tight range of 0.0000 OMR (High: 0.0064 / Low: 0.0064).

May Spread (Volatile) ±0.0001
October Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0001 points.

Longest Streak 1 Mo.
Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.0066) against the same month in 2023 (average: 0.0071), the exchange rate shifted by -0.0005 (-6.75%).

2024 Avg (May) 0.0066
2023 Avg (May) 0.0071

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0066 0.0065 0.0066
February 0.0066 0.0065 0.0066
March 0.0066 0.0065 0.0065
April 0.0066 0.0065 0.0065
May 0.0066 0.0065 0.0066
June 0.0065 0.0064 0.0065
July 0.0065 0.0065 0.0065
August 0.0065 0.0064 0.0065
September 0.0065 0.0064 0.0064
October 0.0064 0.0064 0.0064
November 0.0064 0.0064 0.0064
December 0.0064 0.0063 0.0063