2024 OMR to NGN Historical Review

YEARLY HIGH

4406.9786 NGN

YEARLY LOW

2231.6377 NGN

YEARLY AVERAGE

3818.7900 NGN

2024 OMR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the OMR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 4406.9786. Conversely, the yearly low was recorded on January 17, dropping to 2231.6377.

This high-to-low spread represents a total annual volatility of 2175.3410 NGN. From a start-to-finish perspective, comparing the January average rate of 2368.7418 to the December average rate of 4082.0867, the exchange rate registered a net change of 72.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 4406.9786 was up 88.86% compared to the 2023 peak of 2333.4546, 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 22,034,893 NGN

2023 Average 8,251,743 NGN

Yearly Trough Low 11,158,188 NGN

Transaction Impact: A difference of 10,876,704.81 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4547.8897

2170.6375

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 3465.8086, compared to 4171.7715 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 705.9628 points.

H1 Avg (Jan–Jun) 3465.8086

H2 Avg (Jul–Dec) 4171.7715

Volatility Range Comparison

Volatility

The most volatile month in 2024 was February, with a trading range of 1823.6528 NGN (High: 4174.5464 / Low: 2350.8936). On the other end, October was the most stable month, with a tight range of 133.0476 NGN (High: 4339.5168 / Low: 4206.4692).

February Spread (Volatile) ±1823.6528

October Spread (Stable) ±133.0476

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 648.8053 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -648.8053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2024: 4349.7853) against the same month in 2023 (average: 2081.0120), the exchange rate shifted by +2268.7733 (+109.02%).

2024 Avg (November) 4349.7853

2023 Avg (November) 2081.0120

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2488.6631	2231.6377	2368.7418
February	4174.5464	2350.8936	3573.5216
March	4185.2599	3623.9369	3970.5369
April	3680.1077	3120.3106	3321.7316
May	3933.4677	3208.3172	3684.3683
June	3943.6195	3652.2801	3875.9515
July	4315.7891	3652.1947	3950.1772
August	4314.9831	4092.1643	4148.0744
September	4336.7319	4129.6945	4245.2409
October	4339.5168	4206.4692	4255.2642
November	4406.9786	4262.9122	4349.7853
December	4368.5088	4013.8015	4082.0867