2023 ZAR to OMR Historical Review

YEARLY HIGH

0.0230 OMR

YEARLY LOW

0.0195 OMR

YEARLY AVERAGE

0.0209 OMR

2023 ZAR to OMR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to OMR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 0.0230. Conversely, the yearly low was recorded on May 25, dropping to 0.0195.

This high-to-low spread represents a total annual volatility of 0.0035 OMR. From a start-to-finish perspective, comparing the January average rate of 0.0225 to the December average rate of 0.0207, the exchange rate registered a net change of -8.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0230 was down 13.43% compared to the 2022 peak of 0.0266, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 1,150 OMR

2022 Average 1,181 OMR

Yearly Trough Low 973 OMR

Transaction Impact: A difference of 176.49 OMR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0228

0.0199

JanuMarcMayJulySeptNove

ZAR 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 0.0212, compared to 0.0206 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) 0.0212

H2 Avg (Jul–Dec) 0.0206

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0018 OMR (High: 0.0219 / Low: 0.0201). On the other end, September was the most stable month, with a tight range of 0.0005 OMR (High: 0.0205 / Low: 0.0200).

July Spread (Volatile) ±0.0018

September Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between May and July, 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 January and February, when the average rate fell by 0.0011 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0225) against the same month in 2022 (average: 0.0248), the exchange rate shifted by -0.0023 (-9.25%).

2023 Avg (January) 0.0225

2022 Avg (January) 0.0248

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0230	0.0221	0.0225
February	0.0226	0.0208	0.0215
March	0.0217	0.0202	0.0211
April	0.0216	0.0209	0.0212
May	0.0210	0.0195	0.0202
June	0.0212	0.0196	0.0206
July	0.0219	0.0201	0.0211
August	0.0211	0.0201	0.0205
September	0.0205	0.0200	0.0203
October	0.0206	0.0197	0.0202
November	0.0212	0.0204	0.0208
December	0.0211	0.0202	0.0207