2023 OMR to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 237.6432. Conversely, the yearly low was recorded on November 18, dropping to 178.5242.
This high-to-low spread represents a total annual volatility of 59.1190 AFN. From a start-to-finish perspective, comparing the January average rate of 230.8172 to the December average rate of 181.6925, the exchange rate registered a net change of -21.28% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 237.6432 was down 13.30% compared to the 2022 peak of 274.1030, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 OMR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
OMR to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 228.2026, compared to 201.7385 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 26.4641 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 21.1336 AFN (High: 211.5943 / Low: 190.4606). On the other end, December was the most stable month, with a tight range of 3.8628 AFN (High: 183.8378 / Low: 179.9750).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 16.7467 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2023: 225.0953) against the same month in 2022 (average: 227.1698), the exchange rate shifted by -2.0745 (-0.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 233.8764 | 227.7454 | 230.8172 |
| February | 236.1112 | 227.9811 | 232.9529 |
| March | 232.7486 | 222.2069 | 227.7856 |
| April | 237.6432 | 221.4531 | 225.0953 |
| May | 230.7521 | 223.5103 | 227.2856 |
| June | 227.5976 | 221.2164 | 225.2790 |
| July | 227.8214 | 221.1317 | 225.0398 |
| August | 225.0292 | 210.9256 | 219.2664 |
| September | 211.5943 | 190.4606 | 202.5196 |
| October | 203.6554 | 190.4677 | 196.2067 |
| November | 193.5261 | 178.5242 | 185.7058 |
| December | 183.8378 | 179.9750 | 181.6925 |