2023 OMR to MZN Historical Review

YEARLY HIGH

168.3466 MZN

YEARLY LOW

164.5532 MZN

YEARLY AVERAGE

165.9404 MZN

2023 OMR to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 168.3466. Conversely, the yearly low was recorded on July 5, dropping to 164.5532.

This high-to-low spread represents a total annual volatility of 3.7934 MZN. From a start-to-finish perspective, comparing the January average rate of 165.9510 to the December average rate of 165.9164, the exchange rate registered a net change of -0.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 168.3466 was up 0.92% compared to the 2022 peak of 166.8138, 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 841,733 MZN

2022 Average 829,402 MZN

Yearly Trough Low 822,766 MZN

Transaction Impact: A difference of 18,967.16 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

166.1353

165.6573

JanuMarcMayJulySeptNove

OMR to MZN 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 165.9958, compared to 165.8849 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1109 points.

H1 Avg (Jan–Jun) 165.9958

H2 Avg (Jul–Dec) 165.8849

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 2.5201 MZN (High: 168.3466 / Low: 165.8265). On the other end, January was the most stable month, with a tight range of 0.3072 MZN (High: 166.1427 / Low: 165.8355).

March Spread (Volatile) ±2.5201

January Spread (Stable) ±0.3072

Growth Streaks & Declines

Trends

Between January and March, 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 0.2928 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2928

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 166.0954) against the same month in 2022 (average: 165.8220), the exchange rate shifted by +0.2735 (+0.16%).

2023 Avg (March) 166.0954

2022 Avg (March) 165.8220

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	166.1427	165.8355	165.9510
February	166.5550	165.8231	166.0464
March	168.3466	165.8265	166.0954
April	166.7867	164.9683	165.9560
May	166.6506	165.5694	165.9361
June	166.5741	165.8386	165.9899
July	166.0808	164.5532	165.6971
August	166.2325	165.1496	165.8381
September	166.2938	165.7926	165.9751
October	166.1946	165.3288	165.8983
November	166.8019	165.8610	165.9847
December	166.1497	165.5766	165.9164