2023 OMR to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 111308.9938. Conversely, the yearly low was recorded on February 19, dropping to 108089.4437.
This high-to-low spread represents a total annual volatility of 3219.5501 IRR. From a start-to-finish perspective, comparing the January average rate of 108934.1351 to the December average rate of 109690.9886, the exchange rate registered a net change of 0.69% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 111308.9938 was up 0.48% compared to the 2022 peak of 110773.7968, 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 IRR 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 109617.9990, compared to 109760.8124 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 142.8134 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 3167.0487 IRR (High: 111308.9938 / Low: 108141.9451). On the other end, September was the most stable month, with a tight range of 177.7346 IRR (High: 109882.6773 / Low: 109704.9427).
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 November and December, when the average rate fell by 114.4206 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 109623.6198) against the same month in 2022 (average: 109815.5404), the exchange rate shifted by -191.9206 (-0.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 109649.6926 | 108139.4171 | 108934.1351 |
| February | 110319.8951 | 108089.4437 | 109700.6729 |
| March | 111308.9938 | 108141.9451 | 109623.6198 |
| April | 110353.0776 | 109139.8668 | 109795.8190 |
| May | 110252.7925 | 109673.3020 | 109821.2076 |
| June | 110159.1347 | 109742.8252 | 109832.5396 |
| July | 110177.7152 | 109117.3797 | 109746.2920 |
| August | 110019.2322 | 109314.9253 | 109806.2619 |
| September | 109882.6773 | 109704.9427 | 109764.5054 |
| October | 109909.7576 | 109518.0557 | 109751.4174 |
| November | 110261.5841 | 109688.7152 | 109805.4091 |
| December | 110007.4943 | 109146.0025 | 109690.9886 |