2023 OMR to CVE Historical Review

YEARLY HIGH

273.8704 CVE

YEARLY LOW

254.5473 CVE

YEARLY AVERAGE

265.2500 CVE

2023 OMR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 273.8704. Conversely, the yearly low was recorded on July 18, dropping to 254.5473.

This high-to-low spread represents a total annual volatility of 19.3231 CVE. From a start-to-finish perspective, comparing the January average rate of 266.2250 to the December average rate of 262.7858, the exchange rate registered a net change of -1.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 273.8704 was down 9.78% compared to the 2022 peak of 303.5501, 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 1,369,352 CVE

2022 Average 1,365,172 CVE

Yearly Trough Low 1,272,736 CVE

Transaction Impact: A difference of 96,615.53 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

272.6099

258.1480

JanuMarcMayJulySeptNove

OMR to CVE 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 265.4775, compared to 265.0225 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4550 points.

H1 Avg (Jan–Jun) 265.4775

H2 Avg (Jul–Dec) 265.0225

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 11.4540 CVE (High: 272.6186 / Low: 261.1647). On the other end, October was the most stable month, with a tight range of 4.4237 CVE (High: 273.8704 / Low: 269.4467).

November Spread (Volatile) ±11.4540

October Spread (Stable) ±4.4237

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 6.3409 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -6.3409

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 271.4047) against the same month in 2022 (average: 292.8254), the exchange rate shifted by -21.4206 (-7.32%).

2023 Avg (October) 271.4047

2022 Avg (October) 292.8254

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	272.5583	263.3587	266.2250
February	271.5084	262.0673	267.8140
March	271.7556	263.0331	267.9757
April	263.9199	257.9442	261.6348
May	268.3563	260.1498	264.1143
June	272.2290	261.8768	265.1013
July	264.2934	254.5473	259.3532
August	265.1813	259.7120	262.6009
September	272.1197	264.0679	268.2913
October	273.8704	269.4467	271.4047
November	272.6186	261.1647	265.6992
December	268.5916	258.6187	262.7858