2024 OMR to CVE Historical Review

YEARLY HIGH

275.9635 CVE

YEARLY LOW

256.1974 CVE

YEARLY AVERAGE

265.0173 CVE

2024 OMR to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the OMR to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 275.9635. Conversely, the yearly low was recorded on August 25, dropping to 256.1974.

This high-to-low spread represents a total annual volatility of 19.7661 CVE. From a start-to-finish perspective, comparing the January average rate of 262.7477 to the December average rate of 273.3959, the exchange rate registered a net change of 4.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 275.9635 was up 0.76% compared to the 2023 peak of 273.8704, 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 1,379,818 CVE

2023 Average 1,326,148 CVE

Yearly Trough Low 1,280,987 CVE

Transaction Impact: A difference of 98,830.68 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

274.9145

256.6909

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 265.1782, compared to 264.8564 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3218 points.

H1 Avg (Jan–Jun) 265.1782

H2 Avg (Jul–Dec) 264.8564

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 12.2964 CVE (High: 275.2061 / Low: 262.9096). On the other end, February was the most stable month, with a tight range of 3.4215 CVE (High: 267.6618 / Low: 264.2403).

November Spread (Volatile) ±12.2964

February Spread (Stable) ±3.4215

Growth Streaks & Declines

Trends

Between September and December, 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 July and August, when the average rate fell by 3.5371 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.5371

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 273.3959) against the same month in 2023 (average: 262.7858), the exchange rate shifted by +10.6101 (+4.04%).

2024 Avg (December) 273.3959

2023 Avg (December) 262.7858

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	264.6404	258.8565	262.7477
February	267.6618	264.2403	265.6915
March	265.8519	261.7093	263.8409
April	269.8402	263.7258	266.8728
May	269.1999	262.9615	265.4623
June	268.7425	263.1578	266.4539
July	267.7103	262.0236	264.1878
August	266.3968	256.1974	260.6507
September	259.9619	256.5181	258.2095
October	265.8862	258.3973	263.1213
November	275.2061	262.9096	269.5729
December	275.9635	270.5900	273.3959