YEARLY HIGH
0.0070 OMR
YEARLY LOW
0.0065 OMR
YEARLY AVERAGE
0.0067 OMR

2024 PHP to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PHP to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0070. Conversely, the yearly low was recorded on December 18, dropping to 0.0065.

This high-to-low spread represents a total annual volatility of 0.0005 OMR. From a start-to-finish perspective, comparing the January average rate of 0.0069 to the December average rate of 0.0066, the exchange rate registered a net change of -4.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0070 was down 2.78% compared to the 2023 peak of 0.0072, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 1,740 OMR
2023 Average 1,730 OMR
Yearly Trough Low 1,619 OMR
Transaction Impact: A difference of 120.93 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0069
0.0065
JanuMarcMayJulySeptNove

PHP to OMR 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 0.0068, compared to 0.0067 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0068
H2 Avg (Jul–Dec) 0.0067

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0003 OMR (High: 0.0068 / Low: 0.0066). On the other end, June was the most stable month, with a tight range of 0.0001 OMR (High: 0.0066 / Low: 0.0065).

October Spread (Volatile) ±0.0003
June Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.0069) against the same month in 2023 (average: 0.0070), the exchange rate shifted by -0.0001 (-1.85%).

2024 Avg (January) 0.0069
2023 Avg (January) 0.0070

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.0070 0.0068 0.0069
February 0.0069 0.0068 0.0069
March 0.0070 0.0068 0.0069
April 0.0069 0.0067 0.0067
May 0.0067 0.0066 0.0067
June 0.0066 0.0065 0.0066
July 0.0066 0.0065 0.0066
August 0.0069 0.0066 0.0068
September 0.0069 0.0068 0.0069
October 0.0068 0.0066 0.0067
November 0.0066 0.0065 0.0066
December 0.0067 0.0065 0.0066