YEARLY HIGH
0.0483 OMR
YEARLY LOW
0.0430 OMR
YEARLY AVERAGE
0.0459 OMR

2016 NOK to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the NOK to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0483. Conversely, the yearly low was recorded on January 6, dropping to 0.0430.

This high-to-low spread represents a total annual volatility of 0.0052 OMR. From a start-to-finish perspective, comparing the January average rate of 0.0437 to the December average rate of 0.0449, the exchange rate registered a net change of 2.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0483 was down 8.24% compared to the 2015 peak of 0.0526, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 241 OMR
2015 Average 239 OMR
Yearly Trough Low 215 OMR
Transaction Impact: A difference of 26.16 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0475
0.0434
JanuMarcMayJulySeptNove

NOK 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 0.0456, compared to 0.0461 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0456
H2 Avg (Jul–Dec) 0.0461

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.0025 OMR (High: 0.0472 / Low: 0.0448). On the other end, February was the most stable month, with a tight range of 0.0009 OMR (High: 0.0451 / Low: 0.0442).

November Spread (Volatile) ±0.0025
February Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.0014 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0014

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2016: 0.0472) against the same month in 2015 (average: 0.0466), the exchange rate shifted by +0.0006 (+1.28%).

2016 Avg (October) 0.0472
2015 Avg (October) 0.0466

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0446 0.0430 0.0437
February 0.0451 0.0442 0.0448
March 0.0465 0.0444 0.0455
April 0.0478 0.0462 0.0468
May 0.0480 0.0460 0.0467
June 0.0475 0.0451 0.0464
July 0.0464 0.0449 0.0455
August 0.0471 0.0452 0.0464
September 0.0482 0.0462 0.0469
October 0.0483 0.0465 0.0472
November 0.0472 0.0448 0.0457
December 0.0460 0.0442 0.0449