2024 OMR to GHS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 OMR to GHS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the OMR to GHS exchange rate experienced significant fluctuation. The market reached its absolute peak on November 10, valuing the pair at 42.8117. Conversely, the yearly low was recorded on January 6, dropping to 30.9188.
This high-to-low spread represents a total annual volatility of 11.8929 GHS. From a start-to-finish perspective, comparing the January average rate of 31.2929 to the December average rate of 38.4046, the exchange rate registered a net change of 22.73% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 42.8117 was up 27.65% compared to the 2023 peak of 33.5393, 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 2024.
OMR to GHS 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 34.6992, compared to 40.5123 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.8131 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 3.0022 GHS (High: 42.8117 / Low: 39.8095). On the other end, September was the most stable month, with a tight range of 0.4557 GHS (High: 41.0247 / Low: 40.5690).
Growth Streaks & Declines
TrendsBetween January and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 3.2621 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2024: 41.6667) against the same month in 2023 (average: 31.0341), the exchange rate shifted by +10.6326 (+34.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 32.0861 | 30.9188 | 31.2929 |
| February | 32.8696 | 32.1082 | 32.3713 |
| March | 34.4114 | 32.8867 | 33.6103 |
| April | 35.4885 | 34.3061 | 34.9189 |
| May | 38.4511 | 35.5427 | 36.9187 |
| June | 39.6359 | 38.2930 | 39.0833 |
| July | 40.3858 | 39.7474 | 40.0772 |
| August | 40.8059 | 40.1331 | 40.5336 |
| September | 41.0247 | 40.5690 | 40.7954 |
| October | 42.3600 | 41.0794 | 41.5960 |
| November | 42.8117 | 39.8095 | 41.6667 |
| December | 39.8993 | 38.0319 | 38.4046 |