OMR to INR: Omani Riyal to Indian Rupee Insights Review

The exchange rate of Omani Riyal to Indian Rupee (OMR to INR) is currently 221.445 INR per 1 OMR. This rate represents a ₹5.24 increase over the past year, showing modest fluctuations within a 0.303% range over 24 hours. Historically, this pair has seen an average of 218.38 INR, with recent peaks at 222.03 INR. The OMR’s stability is largely due to its peg to the USD, with future projections estimating a rise to 243.19 INR by 2025, influenced by global oil prices and Indian Rupee dynamics. Further exploration reveals strategic insights for financial decisions.

Key Takeaways

• The current exchange rate of 1 OMR is 221.445 INR.
• OMR exchange rate increased by 2.53% in the last six months.
• Weekly fluctuation is minimal at 0.181%, with a 0.303% 24-hour movement.
• The rate is forecasted to reach 243.19 INR by 2025.
• Average rate over the past 30 days is ₹220.2418.

OMR to INR Current Exchange Rates

The landscape of currency exchange rates is ever-changing, with the current rate seeing 1 Omani Rial (OMR) equating to 221.445 Indian Rupees (INR) as of today. Understanding this exchange rate is vital for traders and individuals engaged in currency transactions. The exchange rate is consistent across various platforms, though slight variations have been reported, such as 221.438, 221.1901, and 220.67 INR per OMR, highlighting the importance of consulting multiple sources for accurate data.

Since this time last year, the exchange rate has seen a slight increase of ₹5.24, bringing the value to its current rate, a change that reflects the historical rate trends. Fluctuations in exchange rates can be subtle; over the past week, changes have barely reached 0.181%, with a 24-hour movement peaking at 0.303%. This stability is reflected in the weekly highs and lows, recorded at 221.907 and 220.384 INR per OMR, respectively. Daily updates and historical charts offer vital data for evaluating currency trends and can aid in predicting future rate changes.

For ease of conversion, currency converter tools are readily available, and users can set alerts to notify them of favorable exchange rates. These tools not only facilitate immediate calculations but also enable long-term planning through access to historical data, ensuring informed decision-making.

Historical Exchange Analysis

Examining historical exchange rates provides valuable insights into the trends and fluctuations of the OMR to INR currency pair. Over the past few years, this exchange rate has experienced noticeable variations, indicative of both economic factors within Oman and external global influences. For instance, the OMR to INR rate increased by 2.53% over the last six months, with an average rate of 218.38 INR. In comparison, 2021 witnessed a comparatively lower average at 192.06 INR, accompanied by a rate increase of 1.94%. Such increments point to gradual strengthening influenced by currency dynamics.

Analyzing the fluctuations, the highest OMR to INR rate in the last 180 days reached 222.03 INR on December 25, 2024, while the lowest was 216.56 INR on June 28, 2024. In 2021, the rate ranged from 188.00 INR to 197.95 INR, demonstrating a more constrained volatility range relative to recent months. This period also underscored a stable economic backdrop in Oman, partly due to the Omani Rial being pegged to the U.S. dollar, mitigating volatility in exchange values. Understanding these historical trends is essential for both traders and individuals in optimizing financial decisions concerning OMR to INR transactions.

Recent Exchange Trends

Recent trends in the OMR to INR exchange rate reveal nuanced dynamics influenced by a convergence of economic factors. The short-term outlook indicates slight variations, with today’s expected rate range between 220.4513 and 220.4675 INR. Over the next seven days, projections suggest a narrower range of 220.3643 to 220.4351 INR. Notably, the 30-day forecast predicts a broader span from 217.9993 to 219.9636 INR, indicating potential fluctuations within a relatively stable market environment.

• The Omani Riyal’s pegging to the USD at a fixed rate of 2.5 USD per OMR reinforces exchange rate stability. The expected high for today’s conversion rate stands at 221.3247 INR, reflecting slight volatility amidst this stability.
• Shifts in global oil prices greatly influence Oman’s economy and, consequently, the OMR’s value.
• The Indian Rupee’s value is affected by monetary policy changes, inflation rates, and foreign investment dynamics.

Additionally, the recent upward change of 0.08% from the previous day showcases transient yet remarkable movement within the exchange rate landscape. The OMR, driven by a bullish market sentiment with 50% green days in the past month, shows marginal volatility at 0.25%. These trends, when viewed in the context of international market factors, provide insightful perspectives for currency exchange strategies and investment decision-making.

90-Day Performance Overview

Building on the recent trends in the OMR to INR exchange rate, a day performance overview offers a closer examination of current exchange dynamics. As of the latest snapshot, 1 OMR equals ₹221.4 INR, marking both the day’s high and aligning closely with the historical peaks observed within the last week, which touched ₹221.50 INR. These observations underscore a modest 0.01% increase in the Indian Rupee’s value against the Omani Riyal compared to the prior closing rate of ₹220.6545 INR. This represents a degree of stability within a 3.45% volatility range experienced over the past week.

The day’s analysis also highlights the average exchange rate over the past 30 days, recorded at ₹220.2418 INR per OMR. This reflects a broader exchange rate increase of ₹4.30 INR over the past year, indicative of shift patterns that inform strategic currency exchange and trading decisions. For those engaged in large conversions, 1000 OMR currently translates into ₹221,445.00 INR. Additionally, real-time updates on these rates facilitate informed decision-making, reinforcing the necessity of understanding daily performance in currency exchange environments. Such insights are essential for maneuvering the complexities of currency pair fluctuations efficiently.

Long-Term Currency Trends

How do long-term currency trends shape investment decisions? Long-term trends in the OMR to INR exchange rate provide vital insights for traders and investors, influencing strategic decisions in trading and currency management. The Omani Rial has been consistently more valuable than the Indian Rupee over recent months, with a documented historical increase of 2.53% over six months and a forecasted two-year growth of 7.09%.

• Rising Trends: Omani Rial’s forecasted increase to a high of 243.19 INR by 2025 highlights a bullish outlook.
• Historical Insights: Past data since 2024 show significant highs and lows, with a highest rate of 222.03 INR.
• Forecast Accuracy: Strategic forecasts include key future values, with predictions of a 9.80% rise by the end of 2025.

Understanding these patterns is essential for maximizing potential returns and minimizing risks in currency transactions. Traders using platforms like RoboForex can leverage these insights for better market entry and exit strategies, while services like Wise can assist individuals in optimizing their conversion rates. Consequently, a thorough grasp of these long-term trends aids both traders and individual currency holders in making informed decisions, capitalizing on predicted movements.

Conclusion

The understanding of the OMR to INR exchange rate is essential for currency traders and individuals involved in cross-border transactions between Oman and India. The Omani Riyal and Indian Rupee are influenced by various economic indicators and market trends, affecting their valuation over time. Utilizing platforms like RoboForex for trading and services like Wise for personal money transfers can optimize financial decisions. By staying informed about historical and recent exchange trends, individuals and traders can navigate the forex market more effectively.

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