2023 OMR to NGN Historical Review

YEARLY HIGH

2333.4546 NGN

YEARLY LOW

1162.2035 NGN

YEARLY AVERAGE

1647.3486 NGN

2023 OMR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 2333.4546. Conversely, the yearly low was recorded on January 2, dropping to 1162.2035.

This high-to-low spread represents a total annual volatility of 1171.2511 NGN. From a start-to-finish perspective, comparing the January average rate of 1180.9115 to the December average rate of 2104.2192, the exchange rate registered a net change of 78.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2333.4546 was up 100.17% compared to the 2022 peak of 1165.7616, 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 11,667,273 NGN

2022 Average 5,502,016 NGN

Yearly Trough Low 5,811,017 NGN

Transaction Impact: A difference of 5,856,255.65 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2196.5500

1088.5807

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 1254.4686, compared to 2040.2287 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 785.7601 points.

H1 Avg (Jan–Jun) 1254.4686

H2 Avg (Jul–Dec) 2040.2287

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 940.6949 NGN (High: 2138.2511 / Low: 1197.5561). On the other end, May was the most stable month, with a tight range of 7.1838 NGN (High: 1201.4473 / Low: 1194.2635).

June Spread (Volatile) ±940.6949

May Spread (Stable) ±7.1838

Growth Streaks & Declines

Trends

Between March and July, 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 25.4202 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -25.4202

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2104.2192) against the same month in 2022 (average: 1157.0238), the exchange rate shifted by +947.1954 (+81.86%).

2023 Avg (December) 2104.2192

2022 Avg (December) 1157.0238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1196.2107	1162.2035	1180.9115
February	1204.3961	1190.0749	1196.1939
March	1201.6761	1189.8623	1195.2093
April	1208.1468	1189.3201	1198.4418
May	1201.4473	1194.2635	1198.4952
June	2138.2511	1197.5561	1557.5597
July	2058.8074	1974.7991	2018.6276
August	2020.8212	1950.5608	1993.2074
September	2051.0204	1934.9284	2010.8759
October	2295.4622	1967.2091	2033.4303
November	2142.9230	2028.9617	2081.0120
December	2333.4546	1986.1528	2104.2192