2023 OMR to EGP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to EGP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to EGP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 81.0456. Conversely, the yearly low was recorded on January 2, dropping to 64.1930.
This high-to-low spread represents a total annual volatility of 16.8527 EGP. From a start-to-finish perspective, comparing the January average rate of 74.3430 to the December average rate of 80.2605, the exchange rate registered a net change of 7.96% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 81.0456 was up 25.96% compared to the 2022 peak of 64.3437, 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 EGP 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 79.0264, compared to 80.2514 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2250 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 14.2012 EGP (High: 78.3941 / Low: 64.1930). On the other end, September was the most stable month, with a tight range of 0.2147 EGP (High: 80.3961 / Low: 80.1815).
Growth Streaks & Declines
TrendsBetween January and April, 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 June and July, when the average rate fell by 0.0528 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 80.1019) against the same month in 2022 (average: 43.2790), the exchange rate shifted by +36.8228 (+85.08%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 78.3941 | 64.1930 | 74.3430 |
| February | 79.8369 | 78.4274 | 79.1822 |
| March | 81.0456 | 79.2395 | 80.1019 |
| April | 80.7785 | 79.5387 | 80.1364 |
| May | 80.5544 | 78.6255 | 80.1232 |
| June | 80.4681 | 80.0041 | 80.2717 |
| July | 80.3842 | 79.9453 | 80.2189 |
| August | 80.3936 | 79.9665 | 80.2622 |
| September | 80.3961 | 80.1815 | 80.2685 |
| October | 80.5481 | 79.8616 | 80.2368 |
| November | 80.3933 | 80.0175 | 80.2614 |
| December | 80.3851 | 79.9940 | 80.2605 |