2024 OMR to IRR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 OMR to IRR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the OMR to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 109880.8161. Conversely, the yearly low was recorded on April 1, dropping to 108862.3003.
This high-to-low spread represents a total annual volatility of 1018.5158 IRR. From a start-to-finish perspective, comparing the January average rate of 109238.3371 to the December average rate of 109587.6765, the exchange rate registered a net change of 0.32% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 109880.8161 was down 1.28% compared to the 2023 peak of 111308.9938, 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 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 109291.4637, compared to 109407.3026 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 115.8389 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was April, with a trading range of 958.1141 IRR (High: 109820.4144 / Low: 108862.3003). On the other end, August was the most stable month, with a tight range of 130.2367 IRR (High: 109469.9255 / Low: 109339.6888).
Growth Streaks & Declines
TrendsBetween February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 32.1720 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (June 2024: 109407.7917) against the same month in 2023 (average: 109832.5396), the exchange rate shifted by -424.7480 (-0.39%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 109436.7473 | 109179.3077 | 109238.3371 |
| February | 109383.5243 | 109175.3533 | 109211.9086 |
| March | 109383.8231 | 109110.8430 | 109224.8719 |
| April | 109820.4144 | 108862.3003 | 109299.0575 |
| May | 109785.8850 | 109264.5989 | 109366.8156 |
| June | 109880.8161 | 109324.1450 | 109407.7917 |
| July | 109747.6713 | 109120.0651 | 109375.6196 |
| August | 109469.9255 | 109339.6888 | 109373.5917 |
| September | 109853.2517 | 109340.8249 | 109391.6727 |
| October | 109785.0292 | 109190.6330 | 109360.8161 |
| November | 109707.8800 | 109285.4304 | 109354.4393 |
| December | 109835.5456 | 109317.6139 | 109587.6765 |