2024 OMR to ILS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 OMR to ILS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the OMR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 9.9556. Conversely, the yearly low was recorded on December 9, dropping to 9.2576.
This high-to-low spread represents a total annual volatility of 0.6980 ILS. From a start-to-finish perspective, comparing the January average rate of 9.6345 to the December average rate of 9.4131, the exchange rate registered a net change of -2.30% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 9.9556 was down 6.04% compared to the 2023 peak of 10.5951, 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 ILS 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 9.6036, compared to 9.6269 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0232 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.5312 ILS (High: 9.9556 / Low: 9.4244). On the other end, May was the most stable month, with a tight range of 0.2490 ILS (High: 9.7565 / Low: 9.5075).
Growth Streaks & Declines
TrendsBetween 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 November and December, when the average rate fell by 0.2516 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2024: 9.6689) against the same month in 2023 (average: 9.7259), the exchange rate shifted by -0.0570 (-0.59%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.8618 | 9.3416 | 9.6345 |
| February | 9.6044 | 9.2795 | 9.4666 |
| March | 9.6028 | 9.2648 | 9.4384 |
| April | 9.9434 | 9.5242 | 9.7649 |
| May | 9.7565 | 9.5075 | 9.6188 |
| June | 9.7864 | 9.5291 | 9.6984 |
| July | 9.7987 | 9.3847 | 9.5411 |
| August | 9.9556 | 9.4244 | 9.6689 |
| September | 9.8323 | 9.4427 | 9.6922 |
| October | 9.9107 | 9.6146 | 9.7810 |
| November | 9.7693 | 9.4418 | 9.6648 |
| December | 9.5717 | 9.2576 | 9.4131 |