YEARLY HIGH
0.0065 OMR
YEARLY LOW
0.0057 OMR
YEARLY AVERAGE
0.0062 OMR

2023 GMD to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 0.0065. Conversely, the yearly low was recorded on December 25, dropping to 0.0057.

This high-to-low spread represents a total annual volatility of 0.0008 OMR. From a start-to-finish perspective, comparing the January average rate of 0.0062 to the December average rate of 0.0057, the exchange rate registered a net change of -7.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0065 was down 11.31% compared to the 2022 peak of 0.0073, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 32 OMR
2022 Average 35 OMR
Yearly Trough Low 29 OMR
Transaction Impact: A difference of 3.94 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0065
0.0056
JanuMarcMayJulySeptNove

GMD 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 0.0063, compared to 0.0061 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0063
H2 Avg (Jul–Dec) 0.0061

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0005 OMR (High: 0.0064 / Low: 0.0059). On the other end, June was the most stable month, with a tight range of 0.0000 OMR (High: 0.0065 / Low: 0.0064).

September Spread (Volatile) ±0.0005
June Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0065) against the same month in 2022 (average: 0.0071), the exchange rate shifted by -0.0006 (-9.09%).

2023 Avg (June) 0.0065
2022 Avg (June) 0.0071

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0063 0.0062 0.0062
February 0.0063 0.0063 0.0063
March 0.0063 0.0062 0.0063
April 0.0064 0.0062 0.0062
May 0.0065 0.0064 0.0064
June 0.0065 0.0064 0.0065
July 0.0065 0.0064 0.0065
August 0.0064 0.0063 0.0064
September 0.0064 0.0059 0.0062
October 0.0060 0.0058 0.0059
November 0.0059 0.0057 0.0058
December 0.0058 0.0057 0.0057