2023 OMR to ZAR Historical Review

YEARLY HIGH

51.3799 ZAR

YEARLY LOW

43.4921 ZAR

YEARLY AVERAGE

47.9365 ZAR

2023 OMR to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the OMR to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 51.3799. Conversely, the yearly low was recorded on January 12, dropping to 43.4921.

This high-to-low spread represents a total annual volatility of 7.8877 ZAR. From a start-to-finish perspective, comparing the January average rate of 44.3605 to the December average rate of 48.3043, the exchange rate registered a net change of 8.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 51.3799 was up 7.46% compared to the 2022 peak of 47.8119, 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 256,899 ZAR

2022 Average 212,674 ZAR

Yearly Trough Low 217,461 ZAR

Transaction Impact: A difference of 39,438.72 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

50.1502

43.8342

JanuMarcMayJulySeptNove

OMR to ZAR 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 47.3239, compared to 48.5490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2251 points.

H1 Avg (Jan–Jun) 47.3239

H2 Avg (Jul–Dec) 48.5490

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 4.0921 ZAR (High: 49.6949 / Low: 45.6029). On the other end, September was the most stable month, with a tight range of 1.1990 ZAR (High: 49.9121 / Low: 48.7131).

July Spread (Volatile) ±4.0921

September Spread (Stable) ±1.1990

Growth Streaks & Declines

Trends

Between July and October, 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 1.3569 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.3569

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 49.6239) against the same month in 2022 (average: 41.2870), the exchange rate shifted by +8.3369 (+20.19%).

2023 Avg (May) 49.6239

2022 Avg (May) 41.2870

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.2058	43.4921	44.3605
February	48.0202	44.2709	46.5774
March	49.4858	46.1887	47.5034
April	47.8676	46.2114	47.1972
May	51.3799	47.5152	49.6239
June	50.9748	47.2284	48.6812
July	49.6949	45.6029	47.3242
August	49.8342	47.4783	48.7828
September	49.9121	48.7131	49.2722
October	50.6850	48.4493	49.4406
November	49.0615	47.2547	48.1699
December	49.5639	47.4365	48.3043