1 Omani Rial to US Dollar: A Guide to Exchanging Currency

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A collection of Omani Rial banknotes arranged on a wooden surface, showcasing various denominations.
Credit: pexels.com, A collection of Omani Rial banknotes arranged on a wooden surface, showcasing various denominations.

The Omani rial is the official currency of Oman, and if you're planning a trip to this beautiful Middle Eastern country, you'll need to know how to exchange your money into US dollars. The exchange rate between 1 Omani rial and the US dollar is a crucial piece of information to have, especially if you're not familiar with the local currency.

The exchange rate is subject to fluctuations, but as of recent data, 1 Omani rial is equivalent to approximately 2.60 US dollars. This means that if you exchange 100 Omani rials, you'll get around 260 US dollars.

What Is Oman?

Oman is a country located on the southeastern coast of the Arabian Peninsula.

The Sultanate of Oman is the official name of the country.

Oman is home to the national currency of the Omani rial, which is pegged at a value of $2.6008 USD.

The Omani rial is made up of 1,000 baisa.

The Central Bank of Oman is responsible for maintaining the value of the Omani rial.

Understanding Oman's Currency

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The Omani rial is the currency of Oman, and it's pegged to the US dollar at a fixed exchange rate. This means that the value of the OMR remains stable in relation to the USD.

The Central Bank of Oman issues the Omani rial, and it has been in circulation since 1974. The currency is subdivided into baisa, with 100 baisa making up one rial.

You can easily convert Omani rial to US dollars, and vice versa, using the exchange rate. As of now, 1 OMR is equivalent to approximately 2.597571 USD.

Here's a list of exchange rates for your reference:

The Omani rial is a symbol of stability in Oman's economy, reflecting the country's prosperous oil industry.

Exchange Rate Information

The USD to OMR exchange rate is constantly changing due to fluctuations in the global currency market, so it's essential to keep an eye on the live rate before converting or sending a payment to Oman.

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You can check the current exchange rate online, but be aware that the rate you see may not be the same as the one a bank or international money transfer service will give you.

To get the best exchange rate, do some research and compare rates from different providers, as the best rate may depend on your specific needs and location.

You can send money to Oman through your bank or a specialist international money transfer service, and it's easy to compare different solutions using currency conversion and payment calculator tools.

The exchange rate can change frequently, so it's a good idea to check the current rate regularly, especially if you're planning to send a large amount of money.

The historical data of the 1 Omani Rial to the US Dollar exchange rate shows that the rate has been relatively stable over the past week, with only small changes in the exchange rate.

Here is a summary of the exchange rate for the last week:

USD and Omani Currency

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The Omani rial (OMR) has a fixed exchange rate with the US dollar, which is currently pegged at $2.6008 per rial.

This means that if you're traveling to Oman, you can expect a relatively stable exchange rate when converting your US dollars to Omani rials.

In fact, the OMR is one of the highest valued currencies in the world, reflecting Oman's prosperous oil industry and stable economy.

The Omani rial is subdivided into 100 baisa, and the currency has been issued since 1974, replacing the outdated rial Saidi.

Here's a rough idea of the exchange rates between OMR and USD:

As of July 12, 2022, one Omani rial equals C$3.38, according to the exchange rate against the Canadian dollar.

If you're looking to convert a large amount of OMR to USD, you can refer to the conversion rates listed in Example 5, which shows the equivalent values for various denominations of OMR and USD.

Exchanging Currency

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Exchanging currency can be a daunting task, but with the right tools and knowledge, you can get the best deal. To get the best exchange rate when buying OMR today, you need to do some research.

You can order foreign currency online, which is convenient if you want to collect or have it delivered in cash. Some services, like Wise, offer multi-currency accounts that let you add funds in your preferred currency and switch to OMR instantly.

Many services list their live exchange rates online, making it easier to check and compare rates. This gives you reassurance that you'll get a good deal in the end.

If you need to exchange USD to OMR, you can send money to Oman through your bank or a specialist international money transfer service. It's easy to compare different solutions using currency conversion and payment calculator tools.

You may be able to buy OMR from a bank, a physical currency exchange store, or online. The option that suits you best will depend on what you need the money for and how urgently you need it.

Discover more: Market Currency Rates

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Here are some options to consider:

The USD to OMR currency performance and volatility can be tracked over time. According to the stats, the average exchange rate over the last 7 days was 0.38498, with a volatility of 0.02%.

Frequently Asked Questions

The exchange rate between the Omani rial and the US dollar is a crucial aspect of international travel and finance.

The exchange rate is constantly fluctuating, but as of the last update, 1 Omani rial is equivalent to approximately 2.60 US dollars.

How often does the exchange rate change? The exchange rate is updated regularly, but it can also be affected by various economic and political factors.

The Omani rial is pegged to the US dollar, which means that its value is tied to the value of the US dollar. This peg is maintained by the Central Bank of Oman.

What are the benefits of knowing the exchange rate? Knowing the exchange rate can help you make informed financial decisions, such as determining how much you can afford to spend on a trip to Oman.

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The exchange rate can also impact the cost of goods and services in Oman. For example, if the exchange rate is favorable, you may be able to get a better deal on a hotel room or a meal.

What are some common uses of the Omani rial? The Omani rial is the official currency of Oman and is widely accepted in the country.

You can exchange your US dollars for Omani rials at a bank or currency exchange office, or you can use an ATM to withdraw rials.

The Omani rial is also accepted at some businesses and hotels outside of Oman, particularly in the United Arab Emirates and other Gulf countries.

How can you stay up-to-date on the exchange rate? You can check the exchange rate online or consult with a financial advisor to get the latest information.

It's also a good idea to have a credit card or debit card that doesn't charge foreign transaction fees, so you can avoid unnecessary expenses when using your card abroad.

The exchange rate can be affected by various economic and political factors, so it's essential to stay informed and adjust your financial plans accordingly.

If this caught your attention, see: Forex Rate Iran Rial

Tasha Schumm

Junior Writer

Tasha Schumm is a skilled writer with a passion for simplifying complex topics. With a focus on corporate taxation, business taxes, and related subjects, Tasha has established herself as a knowledgeable and engaging voice in the industry. Her articles cover a range of topics, from in-depth explanations of corporate taxation in the United States to informative lists and definitions of key business terms.

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