YEARLY HIGH
2.6345 USD
YEARLY LOW
2.5817 USD
YEARLY AVERAGE
2.5981 USD

2023 OMR to USD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to USD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 18, valuing the pair at 2.6345. Conversely, the yearly low was recorded on April 10, dropping to 2.5817.

This high-to-low spread represents a total annual volatility of 0.0529 USD. From a start-to-finish perspective, comparing the January average rate of 2.5977 to the December average rate of 2.5975, the exchange rate registered a net change of -0.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.6345 was up 0.84% compared to the 2022 peak of 2.6126, 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 13,173 USD
2022 Average 12,987 USD
Yearly Trough Low 12,908 USD
Transaction Impact: A difference of 264.34 USD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.6003
2.5969
JanuMarcMayJulySeptNove

OMR to USD 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 2.5984, compared to 2.5978 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 2.5984
H2 Avg (Jul–Dec) 2.5978

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0378 USD (High: 2.6345 / Low: 2.5968). On the other end, January was the most stable month, with a tight range of 0.0029 USD (High: 2.6000 / Low: 2.5971).

March Spread (Volatile) ±0.0378
January Spread (Stable) ±0.0029

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0018 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 2.6000) against the same month in 2022 (average: 2.5973), the exchange rate shifted by +0.0027 (+0.10%).

2023 Avg (March) 2.6000
2022 Avg (March) 2.5973

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 2.6000 2.5971 2.5977
February 2.6065 2.5962 2.5984
March 2.6345 2.5968 2.6000
April 2.6119 2.5817 2.5982
May 2.6080 2.5943 2.5980
June 2.6058 2.5973 2.5981
July 2.6016 2.5945 2.5979
August 2.6025 2.5873 2.5972
September 2.6014 2.5970 2.5978
October 2.6009 2.5929 2.5977
November 2.6104 2.5974 2.5986
December 2.6022 2.5922 2.5975