2023 OMR to SBD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to SBD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 26, valuing the pair at 22.0814. Conversely, the yearly low was recorded on March 11, dropping to 21.2906.
This high-to-low spread represents a total annual volatility of 0.7908 SBD. From a start-to-finish perspective, comparing the January average rate of 21.4685 to the December average rate of 21.9679, the exchange rate registered a net change of 2.33% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 22.0814 was up 2.69% compared to the 2022 peak of 21.5025, 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 2023.
OMR to SBD 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 21.5156, compared to 21.8478 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3322 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was July, with a trading range of 0.4236 SBD (High: 22.0627 / Low: 21.6391). On the other end, June was the most stable month, with a tight range of 0.0745 SBD (High: 21.7019 / Low: 21.6275).
Growth Streaks & Declines
TrendsBetween February and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 10 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0744 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (November 2023: 21.9233) against the same month in 2022 (average: 21.3687), the exchange rate shifted by +0.5546 (+2.60%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.5784 | 21.3360 | 21.4685 |
| February | 21.4913 | 21.2916 | 21.3941 |
| March | 21.6036 | 21.2906 | 21.3965 |
| April | 21.7343 | 21.3795 | 21.5453 |
| May | 21.7199 | 21.5327 | 21.6323 |
| June | 21.7019 | 21.6275 | 21.6568 |
| July | 22.0627 | 21.6391 | 21.7329 |
| August | 21.7814 | 21.6529 | 21.7348 |
| September | 21.9568 | 21.7384 | 21.8212 |
| October | 22.0721 | 21.7589 | 21.9067 |
| November | 22.0814 | 21.7950 | 21.9233 |
| December | 22.0546 | 21.8696 | 21.9679 |