2023 OMR to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 490.1221. Conversely, the yearly low was recorded on February 19, dropping to 399.2302.
This high-to-low spread represents a total annual volatility of 90.8919 LRD. From a start-to-finish perspective, comparing the January average rate of 403.6141 to the December average rate of 488.9180, the exchange rate registered a net change of 21.14% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 490.1221 was up 21.82% compared to the 2022 peak of 402.3389, 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 LRD 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 422.6968, compared to 484.6107 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 61.9139 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 28.5259 LRD (High: 467.8093 / Low: 439.2834). On the other end, September was the most stable month, with a tight range of 1.7912 LRD (High: 484.8990 / Low: 483.1077).
Growth Streaks & Declines
TrendsBetween January and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 11 straight months. No significant month-over-month rate declines were detected.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 488.9180) against the same month in 2022 (average: 400.5854), the exchange rate shifted by +88.3326 (+22.05%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 407.2889 | 399.4148 | 403.6141 |
| February | 412.9485 | 399.2302 | 406.5514 |
| March | 424.2915 | 399.4241 | 414.6607 |
| April | 430.9040 | 420.1659 | 423.8176 |
| May | 439.2731 | 429.2890 | 433.8243 |
| June | 467.8093 | 439.2834 | 453.7128 |
| July | 484.1697 | 467.8093 | 477.2801 |
| August | 484.9376 | 482.6080 | 483.8758 |
| September | 484.8990 | 483.1077 | 484.0984 |
| October | 487.0838 | 483.7074 | 485.4600 |
| November | 489.5729 | 487.0623 | 488.0316 |
| December | 490.1221 | 486.1667 | 488.9180 |