2024 OMR to MZN Historical Review

YEARLY HIGH

166.8198 MZN

YEARLY LOW

159.7223 MZN

YEARLY AVERAGE

165.9710 MZN

2024 OMR to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the OMR to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 166.8198. Conversely, the yearly low was recorded on January 22, dropping to 159.7223.

This high-to-low spread represents a total annual volatility of 7.0975 MZN. From a start-to-finish perspective, comparing the January average rate of 165.7296 to the December average rate of 165.8958, the exchange rate registered a net change of 0.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 166.8198 was down 0.91% compared to the 2023 peak of 168.3466, 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 834,099 MZN

2023 Average 829,696 MZN

Yearly Trough Low 798,611 MZN

Transaction Impact: A difference of 35,487.47 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

166.2102

165.6860

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 165.9786, compared to 165.9634 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0152 points.

H1 Avg (Jan–Jun) 165.9786

H2 Avg (Jul–Dec) 165.9634

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 6.6294 MZN (High: 166.3516 / Low: 159.7223). On the other end, February was the most stable month, with a tight range of 0.1885 MZN (High: 166.0499 / Low: 165.8614).

January Spread (Volatile) ±6.6294

February Spread (Stable) ±0.1885

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.1366 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1366

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 166.1665) against the same month in 2023 (average: 165.9560), the exchange rate shifted by +0.2105 (+0.13%).

2024 Avg (April) 166.1665

2023 Avg (April) 165.9560

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	166.3516	159.7223	165.7296
February	166.0499	165.8614	165.9521
March	166.4112	165.8635	166.0086
April	166.8198	165.6178	166.1665
May	166.2928	165.8611	166.0299
June	166.1549	165.8631	165.9848
July	166.1955	165.6991	165.9654
August	166.1846	165.8648	165.9928
September	166.1903	165.8588	165.9430
October	166.1695	165.7115	165.9568
November	166.5720	165.8871	166.0269
December	166.1001	165.7849	165.8958