2020 OMR to NOK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 OMR to NOK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the OMR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on March 22, valuing the pair at 30.6463. Conversely, the yearly low was recorded on December 30, dropping to 22.1692.
This high-to-low spread represents a total annual volatility of 8.4771 NOK. From a start-to-finish perspective, comparing the January average rate of 23.2302 to the December average rate of 22.6078, the exchange rate registered a net change of -2.68% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2020 high of 30.6463 was up 27.86% compared to the 2019 peak of 23.9679, 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 NOK 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 25.3549, compared to 23.5841 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.7709 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 6.6058 NOK (High: 30.6463 / Low: 24.0406). On the other end, February was the most stable month, with a tight range of 0.5031 NOK (High: 24.4147 / Low: 23.9116).
Growth Streaks & Declines
TrendsBetween 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 May and June, when the average rate fell by 1.4264 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2020: 26.7052) against the same month in 2019 (average: 22.3425), the exchange rate shifted by +4.3628 (+19.53%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.9116 | 22.7916 | 23.2302 |
| February | 24.4147 | 23.9116 | 24.1282 |
| March | 30.6463 | 24.0406 | 26.7052 |
| April | 28.0170 | 26.4883 | 27.0623 |
| May | 27.0988 | 25.2490 | 26.2151 |
| June | 25.2529 | 24.0102 | 24.7886 |
| July | 24.7509 | 23.4695 | 24.1565 |
| August | 23.7154 | 22.6717 | 23.2397 |
| September | 24.8501 | 22.7328 | 23.7719 |
| October | 24.7576 | 23.7370 | 24.1432 |
| November | 24.8934 | 22.9185 | 23.5851 |
| December | 22.9571 | 22.1692 | 22.6078 |