2023 FKP to OMR Historical Review

YEARLY HIGH

0.5054 OMR

YEARLY LOW

0.4553 OMR

YEARLY AVERAGE

0.4787 OMR

2023 FKP to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 0.5054. Conversely, the yearly low was recorded on March 7, dropping to 0.4553.

This high-to-low spread represents a total annual volatility of 0.0501 OMR. From a start-to-finish perspective, comparing the January average rate of 0.4714 to the December average rate of 0.4876, the exchange rate registered a net change of 3.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5054 was down 4.27% compared to the 2022 peak of 0.5280, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,527 OMR

2022 Average 2,381 OMR

Yearly Trough Low 2,277 OMR

Transaction Impact: A difference of 250.56 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4989

0.4612

JanuMarcMayJulySeptNove

FKP 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 0.4747, compared to 0.4827 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0080 points.

H1 Avg (Jan–Jun) 0.4747

H2 Avg (Jul–Dec) 0.4827

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0216 OMR (High: 0.4769 / Low: 0.4553). On the other end, August was the most stable month, with a tight range of 0.0084 OMR (High: 0.4926 / Low: 0.4842).

March Spread (Volatile) ±0.0216

August Spread (Stable) ±0.0084

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0122 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0122

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.4957) against the same month in 2022 (average: 0.4624), the exchange rate shifted by +0.0333 (+7.20%).

2023 Avg (July) 0.4957

2022 Avg (July) 0.4624

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4780	0.4585	0.4714
February	0.4770	0.4583	0.4643
March	0.4769	0.4553	0.4669
April	0.4841	0.4726	0.4790
May	0.4866	0.4742	0.4803
June	0.4938	0.4779	0.4864
July	0.5054	0.4883	0.4957
August	0.4926	0.4842	0.4890
September	0.4860	0.4672	0.4768
October	0.4741	0.4650	0.4685
November	0.4895	0.4689	0.4782
December	0.4927	0.4831	0.4876