2024 OMR to ISK Historical Review

YEARLY HIGH

369.0021 ISK

YEARLY LOW

350.2214 ISK

YEARLY AVERAGE

358.4258 ISK

2024 OMR to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the OMR to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 369.0021. Conversely, the yearly low was recorded on September 26, dropping to 350.2214.

This high-to-low spread represents a total annual volatility of 18.7806 ISK. From a start-to-finish perspective, comparing the January average rate of 355.6683 to the December average rate of 360.2848, the exchange rate registered a net change of 1.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 369.0021 was down 2.22% compared to the 2023 peak of 377.3683, 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 1,845,010 ISK

2023 Average 1,790,993 ISK

Yearly Trough Low 1,751,107 ISK

Transaction Impact: A difference of 93,903.12 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

365.2837

354.5112

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 359.2277, compared to 357.6240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6037 points.

H1 Avg (Jan–Jun) 359.2277

H2 Avg (Jul–Dec) 357.6240

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 11.1771 ISK (High: 362.0547 / Low: 350.8776). On the other end, July was the most stable month, with a tight range of 5.8246 ISK (High: 360.7919 / Low: 354.9673).

March Spread (Volatile) ±11.1771

July Spread (Stable) ±5.8246

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 3.7227 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -3.7227

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 364.3860) against the same month in 2023 (average: 354.6408), the exchange rate shifted by +9.7452 (+2.75%).

2024 Avg (April) 364.3860

2023 Avg (April) 354.6408

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	358.3919	351.2285	355.6683
February	360.7372	353.8103	357.8154
March	362.0547	350.8776	356.4660
April	369.0021	359.4567	364.3860
May	363.9273	356.6493	360.6633
June	362.6983	356.0750	360.3670
July	360.7919	354.9673	357.7457
August	361.0711	353.9745	357.9002
September	360.8890	350.2214	355.7416
October	359.2303	351.4017	355.4089
November	362.9504	353.6674	358.6629
December	363.1131	356.9889	360.2848