2023 OMR to DKK Historical Review

YEARLY HIGH

18.5044 DKK

YEARLY LOW

17.2173 DKK

YEARLY AVERAGE

17.9018 DKK

2023 OMR to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 18.5044. Conversely, the yearly low was recorded on July 17, dropping to 17.2173.

This high-to-low spread represents a total annual volatility of 1.2871 DKK. From a start-to-finish perspective, comparing the January average rate of 17.9189 to the December average rate of 17.7361, the exchange rate registered a net change of -1.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.5044 was down 8.08% compared to the 2022 peak of 20.1304, 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 92,522 DKK

2022 Average 91,901 DKK

Yearly Trough Low 86,087 DKK

Transaction Impact: A difference of 6,435.41 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.4277

17.4250

JanuMarcMayJulySeptNove

OMR to DKK 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 17.9043, compared to 17.8992 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 17.9043

H2 Avg (Jul–Dec) 17.8992

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.8550 DKK (High: 18.3990 / Low: 17.5439). On the other end, October was the most stable month, with a tight range of 0.3333 DKK (High: 18.5044 / Low: 18.1711).

February Spread (Volatile) ±0.8550

October Spread (Stable) ±0.3333

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 October and November, when the average rate fell by 0.4293 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4293

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 18.3442) against the same month in 2022 (average: 19.6445), the exchange rate shifted by -1.3003 (-6.62%).

2023 Avg (October) 18.3442

2022 Avg (October) 19.6445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.3605	17.6922	17.9189
February	18.3990	17.5439	18.0865
March	18.3898	17.7418	18.0834
April	17.9263	17.5073	17.6650
May	18.0878	17.4837	17.8186
June	18.1141	17.6070	17.8534
July	17.8232	17.2173	17.5085
August	17.9355	17.5792	17.7447
September	18.4335	17.9399	18.1469
October	18.5044	18.1711	18.3442
November	18.3165	17.5961	17.9148
December	17.9912	17.4354	17.7361