YEARLY HIGH
1026.2623 NGN
YEARLY LOW
938.3660 NGN
YEARLY AVERAGE
987.6492 NGN

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.

Transfer Payout Power Comparison

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

Yearly Peak High 5,131,312 NGN
2019 Average 4,676,277 NGN
Yearly Trough Low 4,691,830 NGN
Transaction Impact: A difference of 439,481.38 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1017.8922
933.9292
JanuMarcMayJulySeptNove

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)

Seasonal

The 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.

H1 Avg (Jan–Jun) 977.6954
H2 Avg (Jul–Dec) 997.6030

Volatility Range Comparison

Volatility

The 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).

March Spread (Volatile) ±70.9111
June Spread (Stable) ±5.0606

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 4 Mo.
Sharpest MoM Drop -6.3224

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2020 Avg (December) 997.1354
2019 Avg (December) 941.8194

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