2023 OMR to SOS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 OMR to SOS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the OMR to SOS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 1493.2296. Conversely, the yearly low was recorded on February 18, dropping to 1463.8072.
This high-to-low spread represents a total annual volatility of 29.4224 SOS. From a start-to-finish perspective, comparing the January average rate of 1477.2902 to the December average rate of 1485.0667, the exchange rate registered a net change of 0.53% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 1493.2296 was down 1.89% compared to the 2022 peak of 1522.0186, 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 SOS 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 1477.0566, compared to 1481.2597 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.2031 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 29.4224 SOS (High: 1493.2296 / Low: 1463.8072). On the other end, January was the most stable month, with a tight range of 7.9406 SOS (High: 1479.9574 / Low: 1472.0169).
Growth Streaks & Declines
TrendsBetween April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.8323 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 1477.6030) against the same month in 2022 (average: 1510.2424), the exchange rate shifted by -32.6394 (-2.16%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1479.9574 | 1472.0169 | 1477.2902 |
| February | 1493.2296 | 1463.8072 | 1477.6030 |
| March | 1492.5059 | 1468.7256 | 1476.7708 |
| April | 1480.2007 | 1466.5255 | 1475.9915 |
| May | 1483.7270 | 1472.1637 | 1477.1537 |
| June | 1482.1505 | 1467.3224 | 1477.5306 |
| July | 1479.8805 | 1467.6645 | 1477.5594 |
| August | 1483.1813 | 1468.2444 | 1478.3101 |
| September | 1488.2649 | 1476.6272 | 1481.0782 |
| October | 1486.1476 | 1475.1635 | 1482.9727 |
| November | 1485.7012 | 1472.4199 | 1482.5709 |
| December | 1492.7589 | 1483.1169 | 1485.0667 |