2024 OMR to SBD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 OMR to SBD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the OMR to SBD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 12, valuing the pair at 22.7231. Conversely, the yearly low was recorded on October 10, dropping to 21.4686.
This high-to-low spread represents a total annual volatility of 1.2545 SBD. From a start-to-finish perspective, comparing the January average rate of 21.8762 to the December average rate of 21.7681, the exchange rate registered a net change of -0.49% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 22.7231 was up 2.91% compared to the 2023 peak of 22.0814, 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 2024.
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 21.9815, compared to 21.7857 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1958 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was March, with a trading range of 0.8918 SBD (High: 22.7231 / Low: 21.8313). On the other end, May was the most stable month, with a tight range of 0.0969 SBD (High: 22.1146 / Low: 22.0177).
Growth Streaks & Declines
TrendsBetween January and May, 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 August and September, when the average rate fell by 0.3603 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2024: 21.9950) against the same month in 2023 (average: 21.3965), the exchange rate shifted by +0.5985 (+2.80%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.9704 | 21.6939 | 21.8762 |
| February | 22.1099 | 21.8331 | 21.9601 |
| March | 22.7231 | 21.8313 | 21.9950 |
| April | 22.2043 | 21.9237 | 22.0268 |
| May | 22.1146 | 22.0177 | 22.0478 |
| June | 22.0922 | 21.9226 | 21.9833 |
| July | 22.0244 | 21.8328 | 21.9497 |
| August | 22.2093 | 21.8312 | 22.0291 |
| September | 22.0441 | 21.5408 | 21.6688 |
| October | 21.6999 | 21.4686 | 21.5782 |
| November | 21.8147 | 21.5538 | 21.7204 |
| December | 21.7944 | 21.6480 | 21.7681 |