YEARLY HIGH
36.8041 SCR
YEARLY LOW
33.0646 SCR
YEARLY AVERAGE
34.9214 SCR

2023 OMR to SCR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 36.8041. Conversely, the yearly low was recorded on September 20, dropping to 33.0646.

This high-to-low spread represents a total annual volatility of 3.7395 SCR. From a start-to-finish perspective, comparing the January average rate of 35.1851 to the December average rate of 34.8958, the exchange rate registered a net change of -0.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 36.8041 was down 5.56% compared to the 2022 peak of 38.9725, 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 184,021 SCR
2022 Average 176,110 SCR
Yearly Trough Low 165,323 SCR
Transaction Impact: A difference of 18,697.53 SCR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

35.7590
33.9921
JanuMarcMayJulySeptNove

OMR to SCR 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 35.2051, compared to 34.6378 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5673 points.

H1 Avg (Jan–Jun) 35.2051
H2 Avg (Jul–Dec) 34.6378

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 3.2145 SCR (High: 36.7506 / Low: 33.5361). On the other end, August was the most stable month, with a tight range of 1.3294 SCR (High: 35.4898 / Low: 34.1604).

January Spread (Volatile) ±3.2145
August Spread (Stable) ±1.3294

Growth Streaks & Declines

Trends

Between September and December, 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 June and July, when the average rate fell by 0.8880 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.8880

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 34.7237) against the same month in 2022 (average: 34.4419), the exchange rate shifted by +0.2818 (+0.82%).

2023 Avg (July) 34.7237
2022 Avg (July) 34.4419

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 36.7506 33.5361 35.1851
February 36.7926 33.8223 35.2307
March 36.5586 33.7875 35.0069
April 36.4731 33.5420 35.1160
May 36.5409 34.0972 35.0801
June 36.7859 34.0926 35.6117
July 36.8041 33.8210 34.7237
August 35.4898 34.1604 34.7314
September 35.3770 33.0646 34.1393
October 35.8682 33.1079 34.6224
November 35.6519 33.8746 34.7141
December 36.3762 33.5174 34.8958