YEARLY HIGH
0.0498 OMR
YEARLY LOW
0.0444 OMR
YEARLY AVERAGE
0.0466 OMR

2017 NOK to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the NOK to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.0498. Conversely, the yearly low was recorded on May 9, dropping to 0.0444.

This high-to-low spread represents a total annual volatility of 0.0055 OMR. From a start-to-finish perspective, comparing the January average rate of 0.0455 to the December average rate of 0.0463, the exchange rate registered a net change of 1.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0498 was up 3.18% compared to the 2016 peak of 0.0483, 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 249 OMR
2016 Average 229 OMR
Yearly Trough Low 222 OMR
Transaction Impact: A difference of 27.26 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0496
0.0444
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 0.0454, compared to 0.0478 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0454
H2 Avg (Jul–Dec) 0.0478

Volatility Range Comparison

Volatility

The most volatile month in 2017 was July, with a trading range of 0.0030 OMR (High: 0.0489 / Low: 0.0459). On the other end, April was the most stable month, with a tight range of 0.0008 OMR (High: 0.0452 / Low: 0.0444).

July Spread (Volatile) ±0.0030
April Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between April and September, 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 October and November, when the average rate fell by 0.0011 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2017: 0.0488) against the same month in 2016 (average: 0.0464), the exchange rate shifted by +0.0025 (+5.33%).

2017 Avg (August) 0.0488
2016 Avg (August) 0.0464

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0467 0.0445 0.0455
February 0.0469 0.0458 0.0462
March 0.0457 0.0447 0.0453
April 0.0452 0.0444 0.0448
May 0.0462 0.0444 0.0453
June 0.0461 0.0450 0.0455
July 0.0489 0.0459 0.0472
August 0.0498 0.0482 0.0488
September 0.0498 0.0484 0.0492
October 0.0488 0.0470 0.0481
November 0.0474 0.0463 0.0471
December 0.0469 0.0458 0.0463