2020 OMR to NGN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 OMR to NGN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the OMR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 1026.2623. Conversely, the yearly low was recorded on January 16, dropping to 938.3660.
This high-to-low spread represents a total annual volatility of 87.8963 NGN. From a start-to-finish perspective, comparing the January average rate of 940.9261 to the December average rate of 997.1354, the exchange rate registered a net change of 5.97% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 1026.2623 was up 8.13% compared to the 2019 peak of 949.0787, 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 2020.
OMR to NGN 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 977.6954, compared to 997.6030 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 19.9076 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 70.9111 NGN (High: 1016.4737 / Low: 945.5626). On the other end, June was the most stable month, with a tight range of 5.0606 NGN (High: 1007.9388 / Low: 1002.8782).
Growth Streaks & Declines
TrendsBetween January and May, 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 6.3224 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 997.1354) against the same month in 2019 (average: 941.8194), the exchange rate shifted by +55.3160 (+5.87%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 950.9512 | 938.3660 | 940.9261 |
| February | 950.1978 | 940.2768 | 945.5354 |
| March | 1016.4737 | 945.5626 | 963.0139 |
| April | 1013.0870 | 952.6405 | 999.4706 |
| May | 1015.6130 | 1003.7385 | 1010.8953 |
| June | 1007.9388 | 1002.8782 | 1006.3312 |
| July | 1010.4335 | 1004.4479 | 1006.8360 |
| August | 1008.2650 | 983.2497 | 1000.5136 |
| September | 1006.5319 | 988.3168 | 996.5800 |
| October | 1002.4626 | 988.2449 | 992.3465 |
| November | 997.8988 | 987.0617 | 992.2067 |
| December | 1026.2623 | 985.6912 | 997.1354 |