2023 OMR to HRK Historical Review

YEARLY HIGH

18.6942 HRK

YEARLY LOW

17.4133 HRK

YEARLY AVERAGE

18.1022 HRK

2023 OMR to HRK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to HRK exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 18.6942. Conversely, the yearly low was recorded on July 17, dropping to 17.4133.

This high-to-low spread represents a total annual volatility of 1.2808 HRK. From a start-to-finish perspective, comparing the January average rate of 18.1426 to the December average rate of 17.9244, the exchange rate registered a net change of -1.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.6942 was down 8.33% compared to the 2022 peak of 20.3925, 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 93,471 HRK

2022 Average 93,062 HRK

Yearly Trough Low 87,067 HRK

Transaction Impact: A difference of 6,404.13 HRK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.6087

17.6242

JanuMarcMayJulySeptNove

OMR to HRK 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 18.1152, compared to 18.0892 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0260 points.

H1 Avg (Jan–Jun) 18.1152

H2 Avg (Jul–Dec) 18.0892

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.8498 HRK (High: 18.6224 / Low: 17.7726). On the other end, October was the most stable month, with a tight range of 0.3479 HRK (High: 18.6942 / Low: 18.3463).

February Spread (Volatile) ±0.8498

October Spread (Stable) ±0.3479

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 March and April, when the average rate fell by 0.4380 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4380

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 18.5266) against the same month in 2022 (average: 19.8838), the exchange rate shifted by -1.3572 (-6.83%).

2023 Avg (October) 18.5266

2022 Avg (October) 19.8838

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.6007	17.9171	18.1426
February	18.6224	17.7726	18.3043
March	18.6112	17.9458	18.2996
April	18.1287	17.7007	17.8616
May	18.3002	17.6781	18.0249
June	18.3208	17.8105	18.0581
July	18.0297	17.4133	17.7062
August	18.1288	17.7751	17.9410
September	18.6279	18.1335	18.3371
October	18.6942	18.3463	18.5266
November	18.4912	17.7860	18.0997
December	18.1862	17.6217	17.9244