2024 OMR to SCR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 OMR to SCR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the OMR to SCR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 16, valuing the pair at 39.1933. Conversely, the yearly low was recorded on September 24, dropping to 33.2958.
This high-to-low spread represents a total annual volatility of 5.8975 SCR. From a start-to-finish perspective, comparing the January average rate of 34.7659 to the December average rate of 36.6759, the exchange rate registered a net change of 5.49% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 39.1933 was up 6.49% compared to the 2023 peak of 36.8041, 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 SCR 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 35.2874, compared to 35.7483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4609 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was August, with a trading range of 5.7331 SCR (High: 39.0417 / Low: 33.3086). On the other end, May was the most stable month, with a tight range of 1.0905 SCR (High: 35.9513 / Low: 34.8609).
Growth Streaks & Declines
TrendsBetween 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 August and September, when the average rate fell by 0.7438 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 36.6759) against the same month in 2023 (average: 34.8958), the exchange rate shifted by +1.7801 (+5.10%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 36.0607 | 33.9269 | 34.7659 |
| February | 35.8971 | 34.2518 | 34.9633 |
| March | 36.9928 | 34.6319 | 35.3137 |
| April | 37.3830 | 34.8351 | 35.3082 |
| May | 35.9513 | 34.8609 | 35.4859 |
| June | 38.1360 | 35.2268 | 35.8875 |
| July | 36.6669 | 35.0904 | 35.8386 |
| August | 39.0417 | 33.3086 | 35.6850 |
| September | 36.2605 | 33.2958 | 34.9412 |
| October | 39.0849 | 33.9672 | 35.6265 |
| November | 37.1452 | 34.7917 | 35.7227 |
| December | 39.1933 | 34.5585 | 36.6759 |