2024 OMR to MMK Historical Review

YEARLY HIGH

8437.0972 MMK

YEARLY LOW

5430.6991 MMK

YEARLY AVERAGE

5510.3018 MMK

2024 OMR to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the OMR to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 8437.0972. Conversely, the yearly low was recorded on March 23, dropping to 5430.6991.

This high-to-low spread represents a total annual volatility of 3006.3981 MMK. From a start-to-finish perspective, comparing the January average rate of 5454.5231 to the December average rate of 5450.3040, the exchange rate registered a net change of -0.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 8437.0972 was up 52.95% compared to the 2023 peak of 5516.1241, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 OMR based on timing:

Yearly Peak High 42,185,486 MMK

2023 Average 27,267,692 MMK

Yearly Trough Low 27,153,496 MMK

Transaction Impact: A difference of 15,031,990.71 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

5959.7541

5403.1878

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 5493.0853, compared to 5527.5183 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 34.4330 points.

H1 Avg (Jan–Jun) 5493.0853

H2 Avg (Jul–Dec) 5527.5183

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 2988.1995 MMK (High: 8437.0972 / Low: 5448.8978). On the other end, December was the most stable month, with a tight range of 4.9722 MMK (High: 5454.0822 / Low: 5449.1100).

July Spread (Volatile) ±2988.1995

December Spread (Stable) ±4.9722

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 462.6916 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -462.6916

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 5913.3735) against the same month in 2023 (average: 5449.1208), the exchange rate shifted by +464.2527 (+8.52%).

2024 Avg (July) 5913.3735

2023 Avg (July) 5449.1208

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	5462.9370	5445.4208	5454.5231
February	5505.1646	5444.2906	5456.3759
March	5469.7145	5430.6991	5452.8614
April	5472.0962	5436.2544	5453.2353
May	5465.9671	5436.0498	5454.8914
June	6452.8494	5445.3193	5686.6245
July	8437.0972	5448.8978	5913.3735
August	5456.2666	5449.7753	5450.6819
September	5456.4511	5449.5630	5450.7363
October	5455.7700	5440.7303	5449.5683
November	5468.1269	5448.6006	5450.4458
December	5454.0822	5449.1100	5450.3040