YEARLY HIGH
382.6656 ISK
YEARLY LOW
314.4156 ISK
YEARLY AVERAGE
351.5445 ISK

2020 OMR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the OMR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 382.6656. Conversely, the yearly low was recorded on January 1, dropping to 314.4156.

This high-to-low spread represents a total annual volatility of 68.2500 ISK. From a start-to-finish perspective, comparing the January average rate of 320.7112 to the December average rate of 330.8879, the exchange rate registered a net change of 3.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 382.6656 was up 16.05% compared to the 2019 peak of 329.7465, 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 1,913,328 ISK
2019 Average 1,591,893 ISK
Yearly Trough Low 1,572,078 ISK
Transaction Impact: A difference of 341,249.87 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

380.4487
315.2805
JanuMarcMayJulySeptNove

OMR to ISK 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 349.9148, compared to 353.1743 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.2596 points.

H1 Avg (Jan–Jun) 349.9148
H2 Avg (Jul–Dec) 353.1743

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 38.9906 ISK (High: 368.0632 / Low: 329.0726). On the other end, August was the most stable month, with a tight range of 8.8258 ISK (High: 359.2318 / Low: 350.4060).

March Spread (Volatile) ±38.9906
August Spread (Stable) ±8.8258

Growth Streaks & Declines

Trends

Between January and April, 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 23.8238 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -23.8238

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 372.4708) against the same month in 2019 (average: 318.9752), the exchange rate shifted by +53.4956 (+16.77%).

2020 Avg (May) 372.4708
2019 Avg (May) 318.9752

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 323.8188 314.4156 320.7112
February 333.4796 319.4993 328.6163
March 368.0632 329.0726 350.0824
April 382.3451 369.1141 375.0180
May 382.6656 352.8379 372.4708
June 362.7281 341.2326 352.5898
July 366.0168 349.1866 359.3605
August 359.2318 350.4060 355.0370
September 364.8850 350.6243 357.9198
October 366.9782 358.0402 361.1292
November 367.4238 345.2540 354.7117
December 339.9776 325.3408 330.8879