2024 OMR to MVR Historical Review

YEARLY HIGH

40.3951 MVR

YEARLY LOW

37.5540 MVR

YEARLY AVERAGE

40.0148 MVR

2024 OMR to MVR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the OMR to MVR exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 40.3951. Conversely, the yearly low was recorded on May 2, dropping to 37.5540.

This high-to-low spread represents a total annual volatility of 2.8410 MVR. From a start-to-finish perspective, comparing the January average rate of 40.0109 to the December average rate of 40.0288, the exchange rate registered a net change of 0.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 40.3951 was down 0.44% compared to the 2023 peak of 40.5718, 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 201,975 MVR

2023 Average 199,673 MVR

Yearly Trough Low 187,770 MVR

Transaction Impact: A difference of 14,205.14 MVR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

40.1716

39.8563

JanuMarcMayJulySeptNove

OMR to MVR 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 40.0533, compared to 39.9763 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0771 points.

H1 Avg (Jan–Jun) 40.0533

H2 Avg (Jul–Dec) 39.9763

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 2.6758 MVR (High: 40.2298 / Low: 37.5540). On the other end, September was the most stable month, with a tight range of 0.0764 MVR (High: 39.9481 / Low: 39.8717).

May Spread (Volatile) ±2.6758

September Spread (Stable) ±0.0764

Growth Streaks & Declines

Trends

Between February and April, 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 May and June, when the average rate fell by 0.0815 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0815

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 40.0988) against the same month in 2023 (average: 39.9741), the exchange rate shifted by +0.1248 (+0.31%).

2024 Avg (March) 40.0988

2023 Avg (March) 39.9741

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	40.0910	39.9326	40.0109
February	40.0721	39.8725	39.9929
March	40.3951	40.0047	40.0988
April	40.2018	40.0124	40.1453
May	40.2298	37.5540	40.0768
June	40.1399	39.6530	39.9952
July	40.1662	39.8668	39.9940
August	40.0750	39.8741	39.9566
September	39.9481	39.8717	39.8946
October	39.9171	39.8071	39.8826
November	40.1719	39.8831	40.1011
December	40.1664	39.9982	40.0288