YEARLY HIGH
0.0504 OMR
YEARLY LOW
0.0439 OMR
YEARLY AVERAGE
0.0473 OMR

2018 NOK to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the NOK to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 0.0504. Conversely, the yearly low was recorded on December 23, dropping to 0.0439.

This high-to-low spread represents a total annual volatility of 0.0065 OMR. From a start-to-finish perspective, comparing the January average rate of 0.0487 to the December average rate of 0.0446, the exchange rate registered a net change of -8.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.0504 was up 1.15% compared to the 2017 peak of 0.0498, 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 252 OMR
2017 Average 233 OMR
Yearly Trough Low 219 OMR
Transaction Impact: A difference of 32.43 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.0501
0.0441
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 0.0486, compared to 0.0461 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0486
H2 Avg (Jul–Dec) 0.0461

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 0.0031 OMR (High: 0.0501 / Low: 0.0470). On the other end, June was the most stable month, with a tight range of 0.0011 OMR (High: 0.0481 / Low: 0.0470).

January Spread (Volatile) ±0.0031
June Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and March, 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 April and May, when the average rate fell by 0.0015 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2018: 0.0491) against the same month in 2017 (average: 0.0462), the exchange rate shifted by +0.0029 (+6.30%).

2018 Avg (February) 0.0491
2017 Avg (February) 0.0462

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0501 0.0470 0.0487
February 0.0504 0.0482 0.0491
March 0.0502 0.0490 0.0496
April 0.0496 0.0481 0.0491
May 0.0481 0.0464 0.0476
June 0.0481 0.0470 0.0474
July 0.0480 0.0468 0.0473
August 0.0471 0.0454 0.0461
September 0.0475 0.0455 0.0466
October 0.0473 0.0457 0.0466
November 0.0461 0.0448 0.0454
December 0.0453 0.0439 0.0446