2023 OMR to MAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to MAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 27.3156. Conversely, the yearly low was recorded on July 15, dropping to 24.9534.
This high-to-low spread represents a total annual volatility of 2.3622 MAD. From a start-to-finish perspective, comparing the January average rate of 26.5812 to the December average rate of 26.0817, the exchange rate registered a net change of -1.88% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 27.3156 was down 5.31% compared to the 2022 peak of 28.8467, 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 MAD 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 26.4806, compared to 26.1271 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3535 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 1.3295 MAD (High: 26.4248 / Low: 25.0954). On the other end, September was the most stable month, with a tight range of 0.4407 MAD (High: 26.8146 / Low: 26.3738).
Growth Streaks & Declines
TrendsBetween July and October, 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 June and July, when the average rate fell by 0.8101 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 26.5812) against the same month in 2022 (average: 24.1317), the exchange rate shifted by +2.4495 (+10.15%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.3156 | 26.1232 | 26.5812 |
| February | 27.1612 | 26.3383 | 26.7661 |
| March | 27.1716 | 26.5118 | 26.8526 |
| April | 26.5602 | 25.7228 | 26.3176 |
| May | 26.5979 | 25.8970 | 26.2577 |
| June | 26.5079 | 25.7074 | 26.1083 |
| July | 25.7074 | 24.9534 | 25.2982 |
| August | 26.4248 | 25.0954 | 25.7148 |
| September | 26.8146 | 26.3738 | 26.5807 |
| October | 26.9287 | 26.4177 | 26.6856 |
| November | 26.7542 | 26.0777 | 26.4014 |
| December | 26.4630 | 25.5745 | 26.0817 |