2023 OMR to GMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to GMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to GMD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 175.3224. Conversely, the yearly low was recorded on June 12, dropping to 154.0340.
This high-to-low spread represents a total annual volatility of 21.2884 GMD. From a start-to-finish perspective, comparing the January average rate of 161.1209 to the December average rate of 174.9447, the exchange rate registered a net change of 8.58% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 175.3224 was up 7.97% compared to the 2022 peak of 162.3748, 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 GMD 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 158.3355, compared to 165.3502 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 7.0147 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was September, with a trading range of 11.9516 GMD (High: 168.9645 / Low: 157.0130). On the other end, June was the most stable month, with a tight range of 1.0096 GMD (High: 155.0436 / Low: 154.0340).
Growth Streaks & Declines
TrendsBetween June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 5.4003 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 174.9447) against the same month in 2022 (average: 161.2372), the exchange rate shifted by +13.7075 (+8.50%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 162.2601 | 158.8288 | 161.1209 |
| February | 159.9859 | 158.4284 | 158.7599 |
| March | 162.0237 | 158.4972 | 159.6055 |
| April | 162.4606 | 155.7062 | 160.6953 |
| May | 157.0010 | 154.6617 | 155.2950 |
| June | 155.0436 | 154.0340 | 154.5366 |
| July | 155.8486 | 154.6301 | 154.9477 |
| August | 158.0692 | 156.2321 | 157.3470 |
| September | 168.9645 | 157.0130 | 160.5851 |
| October | 171.4553 | 167.0806 | 170.4450 |
| November | 175.1415 | 168.9742 | 173.8318 |
| December | 175.3224 | 173.6513 | 174.9447 |