2023 OMR to JMD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to JMD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 8, valuing the pair at 406.8216. Conversely, the yearly low was recorded on April 3, dropping to 390.8668.
This high-to-low spread represents a total annual volatility of 15.9548 JMD. From a start-to-finish perspective, comparing the January average rate of 397.1201 to the December average rate of 403.4304, the exchange rate registered a net change of 1.59% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 406.8216 was down 0.75% compared to the 2022 peak of 409.8858, 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 JMD 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 398.3131, compared to 402.2267 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.9136 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 8.7964 JMD (High: 400.0209 / Low: 391.2246). On the other end, September was the most stable month, with a tight range of 3.3053 JMD (High: 403.6462 / Low: 400.3409).
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 February and March, when the average rate fell by 5.8455 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 403.6531) against the same month in 2022 (average: 399.1262), the exchange rate shifted by +4.5268 (+1.13%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 400.4461 | 392.2368 | 397.1201 |
| February | 405.8282 | 398.0088 | 400.7877 |
| March | 400.0209 | 391.2246 | 394.9422 |
| April | 398.8553 | 390.8668 | 395.2911 |
| May | 403.3294 | 396.4677 | 400.3571 |
| June | 403.8033 | 398.3482 | 401.3804 |
| July | 402.3851 | 397.0821 | 400.7349 |
| August | 404.4539 | 398.6147 | 401.5621 |
| September | 403.6462 | 400.3409 | 401.4662 |
| October | 404.7148 | 400.8526 | 402.5135 |
| November | 406.8216 | 401.2927 | 403.6531 |
| December | 406.4186 | 401.3695 | 403.4304 |