YEARLY HIGH
1074.9082 NGN
YEARLY LOW
985.8295 NGN
YEARLY AVERAGE
1047.5146 NGN

2021 OMR to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the OMR to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 1074.9082. Conversely, the yearly low was recorded on April 27, dropping to 985.8295.

This high-to-low spread represents a total annual volatility of 89.0787 NGN. From a start-to-finish perspective, comparing the January average rate of 1007.2822 to the December average rate of 1067.9639, the exchange rate registered a net change of 6.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 1074.9082 was up 4.74% compared to the 2020 peak of 1026.2623, 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 5,374,541 NGN
2020 Average 4,938,796 NGN
Yearly Trough Low 4,929,148 NGN
Transaction Impact: A difference of 445,393.29 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1075.2001
1001.1078
JanuMarcMayJulySeptNove

OMR to NGN 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 1026.8644, compared to 1068.1648 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 41.3004 points.

H1 Avg (Jan–Jun) 1026.8644
H2 Avg (Jul–Dec) 1068.1648

Volatility Range Comparison

Volatility

The most volatile month in 2021 was May, with a trading range of 86.0861 NGN (High: 1073.1119 / Low: 987.0258). On the other end, August was the most stable month, with a tight range of 2.8148 NGN (High: 1070.0893 / Low: 1067.2745).

May Spread (Volatile) ±86.0861
August Spread (Stable) ±2.8148

Growth Streaks & Declines

Trends

Between March and June, 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 February and March, when the average rate fell by 4.9006 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -4.9006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2021: 1067.9639) against the same month in 2020 (average: 997.1354), the exchange rate shifted by +70.8286 (+7.10%).

2021 Avg (December) 1067.9639
2020 Avg (December) 997.1354

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1030.4552 988.2809 1007.2822
February 1071.1766 987.0027 1012.7528
March 1066.4018 986.9950 1007.8523
April 1066.8899 985.8295 1014.8219
May 1073.1119 987.0258 1050.0372
June 1072.3807 1065.1149 1068.4402
July 1069.2085 1065.0374 1068.0069
August 1070.0893 1067.2745 1069.0251
September 1071.5791 1065.4070 1069.0257
October 1071.8191 1065.5770 1067.5975
November 1071.7386 1064.2043 1067.3695
December 1074.9082 1063.8586 1067.9639