2023 OMR to GYD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to GYD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to GYD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 554.2474. Conversely, the yearly low was recorded on August 6, dropping to 539.9485.
This high-to-low spread represents a total annual volatility of 14.2989 GYD. From a start-to-finish perspective, comparing the January average rate of 544.7203 to the December average rate of 544.1359, the exchange rate registered a net change of -0.11% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 554.2474 was up 1.21% compared to the 2022 peak of 547.6264, 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 GYD 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 548.1039, compared to 543.8453 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.2585 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 9.5499 GYD (High: 554.2474 / Low: 544.6975). On the other end, December was the most stable month, with a tight range of 2.8974 GYD (High: 546.2458 / Low: 543.3483).
Growth Streaks & Declines
TrendsBetween March and June, 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 4.2908 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 548.3279) against the same month in 2022 (average: 543.2765), the exchange rate shifted by +5.0514 (+0.93%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 548.5090 | 541.6793 | 544.7203 |
| February | 554.2474 | 544.6975 | 548.3279 |
| March | 549.4203 | 545.1362 | 547.7893 |
| April | 551.4610 | 546.6585 | 549.1700 |
| May | 551.5691 | 547.5827 | 549.2053 |
| June | 552.2016 | 547.7237 | 549.4102 |
| July | 549.6097 | 541.7206 | 545.1194 |
| August | 548.1126 | 539.9485 | 543.6111 |
| September | 544.8391 | 541.4933 | 543.4534 |
| October | 545.1356 | 540.0542 | 543.3532 |
| November | 548.6151 | 540.8540 | 543.3989 |
| December | 546.2458 | 543.3483 | 544.1359 |