2024 OMR to MAD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 OMR to MAD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the OMR to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 16, valuing the pair at 26.4128. Conversely, the yearly low was recorded on August 24, dropping to 24.8561.
This high-to-low spread represents a total annual volatility of 1.5567 MAD. From a start-to-finish perspective, comparing the January average rate of 25.8533 to the December average rate of 26.0213, the exchange rate registered a net change of 0.65% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.4128 was down 3.31% compared to the 2023 peak of 27.3156, 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 2024.
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 26.0237, compared to 25.6146 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4091 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 0.9595 MAD (High: 25.8156 / Low: 24.8561). On the other end, February was the most stable month, with a tight range of 0.2926 MAD (High: 26.2828 / Low: 25.9903).
Growth Streaks & Declines
TrendsBetween September and December, 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 July and August, when the average rate fell by 0.2720 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 26.2226) against the same month in 2023 (average: 26.3176), the exchange rate shifted by -0.0951 (-0.36%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 26.0278 | 25.5871 | 25.8533 |
| February | 26.2828 | 25.9903 | 26.1283 |
| March | 26.3323 | 25.9109 | 26.1214 |
| April | 26.4128 | 25.9698 | 26.2226 |
| May | 26.2669 | 25.7352 | 25.9575 |
| June | 26.0821 | 25.6539 | 25.8591 |
| July | 25.9151 | 25.4216 | 25.6118 |
| August | 25.8156 | 24.8561 | 25.3398 |
| September | 25.4613 | 25.1093 | 25.2705 |
| October | 25.8067 | 25.3317 | 25.5824 |
| November | 26.1673 | 25.4913 | 25.8616 |
| December | 26.2435 | 25.8349 | 26.0213 |