YEARLY HIGH
0.1428 OMR
YEARLY LOW
0.1368 OMR
YEARLY AVERAGE
0.1409 OMR

2023 WST to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the WST to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 0.1428. Conversely, the yearly low was recorded on November 5, dropping to 0.1368.

This high-to-low spread represents a total annual volatility of 0.0060 OMR. From a start-to-finish perspective, comparing the January average rate of 0.1427 to the December average rate of 0.1375, the exchange rate registered a net change of -3.65% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1428 was down 4.54% compared to the 2022 peak of 0.1496, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 WST based on timing:

Yearly Peak High 714 OMR
2022 Average 720 OMR
Yearly Trough Low 684 OMR
Transaction Impact: A difference of 29.86 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1432
0.1369
JanuMarcMayJulySeptNove

WST 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 0.1419, compared to 0.1399 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.1419
H2 Avg (Jul–Dec) 0.1399

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0045 OMR (High: 0.1419 / Low: 0.1373). On the other end, January was the most stable month, with a tight range of 0.0002 OMR (High: 0.1427 / Low: 0.1426).

October Spread (Volatile) ±0.0045
January Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between June and August, 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 October and November, when the average rate fell by 0.0026 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.1427) against the same month in 2022 (average: 0.1470), the exchange rate shifted by -0.0043 (-2.93%).

2023 Avg (February) 0.1427
2022 Avg (February) 0.1470

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.1427 0.1426 0.1427
February 0.1428 0.1422 0.1427
March 0.1428 0.1407 0.1425
April 0.1421 0.1405 0.1412
May 0.1414 0.1407 0.1412
June 0.1413 0.1408 0.1412
July 0.1416 0.1411 0.1413
August 0.1422 0.1413 0.1416
September 0.1416 0.1414 0.1416
October 0.1419 0.1373 0.1400
November 0.1375 0.1368 0.1374
December 0.1378 0.1372 0.1375