2024 OMR to NOK Historical Review

YEARLY HIGH

29.7168 NOK

YEARLY LOW

26.4102 NOK

YEARLY AVERAGE

27.9371 NOK

2024 OMR to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the OMR to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 29.7168. Conversely, the yearly low was recorded on January 1, dropping to 26.4102.

This high-to-low spread represents a total annual volatility of 3.3067 NOK. From a start-to-finish perspective, comparing the January average rate of 27.0175 to the December average rate of 29.1773, the exchange rate registered a net change of 7.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 29.7168 was up 1.93% compared to the 2023 peak of 29.1536, 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 148,584 NOK

2023 Average 137,200 NOK

Yearly Trough Low 132,051 NOK

Transaction Impact: A difference of 16,533.36 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

29.3933

26.8015

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 27.6392, compared to 28.2350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5957 points.

H1 Avg (Jan–Jun) 27.6392

H2 Avg (Jul–Dec) 28.2350

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 1.4262 NOK (High: 28.6644 / Low: 27.2382). On the other end, February was the most stable month, with a tight range of 0.6732 NOK (High: 27.7822 / Low: 27.1091).

May Spread (Volatile) ±1.4262

February Spread (Stable) ±0.6732

Growth Streaks & Declines

Trends

Between 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 April and May, when the average rate fell by 0.4283 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4283

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 29.1773) against the same month in 2023 (average: 27.3161), the exchange rate shifted by +1.8612 (+6.81%).

2024 Avg (December) 29.1773

2023 Avg (December) 27.3161

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.3483	26.4102	27.0175
February	27.7822	27.1091	27.4083
March	28.1971	27.0176	27.5825
April	28.8837	27.7258	28.3381
May	28.6644	27.2382	27.9098
June	27.8451	27.1481	27.5791
July	28.6538	27.3683	28.0477
August	28.5715	27.1807	27.7965
September	28.2085	27.0018	27.5636
October	28.5636	27.4664	28.1201
November	28.9690	28.2371	28.7044
December	29.7168	28.6679	29.1773