2023 OMR to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 5516.1241. Conversely, the yearly low was recorded on July 12, dropping to 5396.8597.
This high-to-low spread represents a total annual volatility of 119.2645 MMK. From a start-to-finish perspective, comparing the January average rate of 5455.1798 to the December average rate of 5460.3071, the exchange rate registered a net change of 0.09% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 5516.1241 was up 0.52% compared to the 2022 peak of 5487.5798, 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 MMK 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 5453.8916, compared to 5453.2264 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.6652 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 94.8976 MMK (High: 5516.1241 / Low: 5421.2265). On the other end, January was the most stable month, with a tight range of 27.9035 MMK (High: 5465.1165 / Low: 5437.2130).
Growth Streaks & Declines
TrendsBetween April and June, 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 June and July, when the average rate fell by 5.9500 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 5457.2918) against the same month in 2022 (average: 4617.8088), the exchange rate shifted by +839.4831 (+18.18%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 5465.1165 | 5437.2130 | 5455.1798 |
| February | 5516.1241 | 5421.2265 | 5457.2918 |
| March | 5468.1506 | 5425.4980 | 5451.9116 |
| April | 5461.6110 | 5403.7635 | 5450.6450 |
| May | 5476.6667 | 5436.9490 | 5453.2506 |
| June | 5482.7487 | 5438.3889 | 5455.0708 |
| July | 5463.9913 | 5396.8597 | 5449.1208 |
| August | 5468.8871 | 5419.5352 | 5453.9141 |
| September | 5468.7611 | 5435.3692 | 5454.2941 |
| October | 5462.0049 | 5420.8387 | 5451.2024 |
| November | 5459.6894 | 5428.7404 | 5450.5199 |
| December | 5484.7870 | 5450.2208 | 5460.3071 |