2024 OMR to BIF Historical Review

YEARLY HIGH

7693.8126 BIF

YEARLY LOW

7394.0147 BIF

YEARLY AVERAGE

7493.5081 BIF

2024 OMR to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the OMR to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on November 16, valuing the pair at 7693.8126. Conversely, the yearly low was recorded on January 13, dropping to 7394.0147.

This high-to-low spread represents a total annual volatility of 299.7979 BIF. From a start-to-finish perspective, comparing the January average rate of 7412.8759 to the December average rate of 7657.7046, the exchange rate registered a net change of 3.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 7693.8126 was up 3.55% compared to the 2023 peak of 7429.6906, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 38,469,063 BIF

2023 Average 33,104,248 BIF

Yearly Trough Low 36,970,073 BIF

Transaction Impact: A difference of 1,498,989.59 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

7682.1875

7388.3931

JanuMarcMayJulySeptNove

OMR to BIF 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 7441.4359, compared to 7545.5802 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 104.1443 points.

H1 Avg (Jan–Jun) 7441.4359

H2 Avg (Jul–Dec) 7545.5802

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 175.3671 BIF (High: 7693.8126 / Low: 7518.4455). On the other end, July was the most stable month, with a tight range of 35.5074 BIF (High: 7492.7751 / Low: 7457.2677).

November Spread (Volatile) ±175.3671

July Spread (Stable) ±35.5074

Growth Streaks & Declines

Trends

Between January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.

Longest Streak 11 Mo.

Sharpest MoM Drop -0.0000

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 7589.0330) against the same month in 2023 (average: 7378.8875), the exchange rate shifted by +210.1455 (+2.85%).

2024 Avg (November) 7589.0330

2023 Avg (November) 7378.8875

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	7429.7872	7394.0147	7412.8759
February	7465.0616	7406.1864	7429.2566
March	7451.9849	7398.9442	7432.5191
April	7470.3310	7411.7573	7444.1610
May	7472.9249	7428.5309	7457.1065
June	7525.3941	7448.8713	7472.6962
July	7492.7751	7457.2677	7478.3731
August	7516.5667	7434.6180	7483.8597
September	7538.7591	7484.7765	7518.6965
October	7664.6816	7513.3383	7545.8143
November	7693.8126	7518.4455	7589.0330
December	7691.6709	7519.4610	7657.7046