YEARLY HIGH
0.0022 OMR
YEARLY LOW
0.0019 OMR
YEARLY AVERAGE
0.0020 OMR

2024 LRD to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the LRD to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 5, valuing the pair at 0.0022. Conversely, the yearly low was recorded on September 20, dropping to 0.0019.

This high-to-low spread represents a total annual volatility of 0.0002 OMR. From a start-to-finish perspective, comparing the January average rate of 0.0020 to the December average rate of 0.0021, the exchange rate registered a net change of 4.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0022 was down 14.13% compared to the 2023 peak of 0.0025, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11 OMR
2023 Average 11 OMR
Yearly Trough Low 10 OMR
Transaction Impact: A difference of 1.13 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0021
0.0020
JanuMarcMayJulySeptNove

LRD 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 0.0020, compared to 0.0020 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0020
H2 Avg (Jul–Dec) 0.0020

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0002 OMR (High: 0.0021 / Low: 0.0020). On the other end, May was the most stable month, with a tight range of 0.0000 OMR (High: 0.0020 / Low: 0.0020).

November Spread (Volatile) ±0.0002
May Spread (Stable) ±0.0000

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0000 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 0.0021) against the same month in 2023 (average: 0.0020), the exchange rate shifted by +0.0001 (+4.22%).

2024 Avg (December) 0.0021
2023 Avg (December) 0.0020

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0020 0.0020 0.0020
February 0.0020 0.0020 0.0020
March 0.0020 0.0020 0.0020
April 0.0020 0.0020 0.0020
May 0.0020 0.0020 0.0020
June 0.0020 0.0020 0.0020
July 0.0020 0.0020 0.0020
August 0.0020 0.0019 0.0020
September 0.0020 0.0019 0.0020
October 0.0020 0.0020 0.0020
November 0.0021 0.0020 0.0021
December 0.0022 0.0021 0.0021