10 OMR to USD: Your Complete Currency Conversion Resource

Author

Reads 817

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.

As you plan your trip to Oman, you'll want to know how to convert 10 OMR to USD. The exchange rate is a crucial factor in determining the cost of your trip.

The current exchange rate of 10 OMR to USD is approximately 2.60 USD, according to the Central Bank of Oman's official website. This rate is subject to fluctuations, so it's always a good idea to check the current rate before making any transactions.

Oman's currency, the Omani Rial, is pegged to the US dollar at a fixed rate of 1 OMR = 2.60 USD. This means that 10 OMR is equivalent to 26 USD.

Exchange Rates and Conversion

Exchange rates can fluctuate constantly, but if you're looking for the current OMR to USD rate, it's around 2.5974 USD as of January 5, 2025. This means that for every Omani Rial you exchange, you'll receive 2.5974 US Dollars.

To give you a better idea of how exchange rates have changed recently, the OMR to USD exchange rate reached a high of 2.5997 and a low of 2.5973 over the past 30 days. The average rate during this period was 2.5978 USD.

Credit: youtube.com, Currency Exchange Rates - How To Convert Currency

You can also check the historical data on exchange rates by downloading the history of the OMR to USD exchange rate.

Here's a breakdown of how different amounts of OMR convert to USD:

To convert Omani rials to US dollars, simply type in the box how much you want to convert, select OMR as the currency you want to convert and USD as the currency you want to convert to, and our currency converter will show you the current OMR to USD rate and how it's changed over the past day, week or month.

Historical Exchange Rates

The Omani Rial has had its fair share of ups and downs against the US Dollar over the years.

The highest OMR to USD exchange rate in the last year was 2.5997 US Dollars per Omani Rial on December 26, 2024.

In the last 30 days, the OMR to USD exchange rate fluctuated between a high of 2.5997 and a low of 2.5973, with an average rate of 2.5978. The overall change in this period was +0.003%.

Credit: youtube.com, 1 usd dollar to omani rial | us dollar exchange rate omani rial | usd in omani rial | usd vs oman

Here's a comparison of the OMR to USD exchange rate over the last 30 and 90 days:

Over the last 10 years, the highest rate from Omani Rials to US Dollars was on March 28, 2016, when each Omani Rial was worth 2.6158 US Dollars.

Lowest Exchange Rate in the Last Year

The lowest OMR to USD exchange rate in the last year was 2.5898 US Dollars per Omani Rial on April 1, 2024. This is the lowest point the exchange rate has reached in the last 12 months.

If you were exchanging OMR to USD on that day, you would have received 2.5898 US Dollars for every Omani Rial.

Highest Rials Rate Ever

The highest Omani Rials to United States Dollars rate ever was a significant milestone in the history of exchange rates.

According to historical data, the highest rate from Omani Rials to US Dollars was on March 28, 2016, when each Omani Rial was worth 2.6158 US Dollars.

Close-up of a hand holding Jordanian dinar bills with a blurred background, highlighting currency exchange.
Credit: pexels.com, Close-up of a hand holding Jordanian dinar bills with a blurred background, highlighting currency exchange.

This rate was a notable exception to the usual fluctuations in exchange rates, and it's interesting to see how it compares to more recent rates.

To give you a better idea, here's a summary of the highest OMR to USD rates over the past few years:

As you can see, the highest rate in the past 10 years was significantly higher than the rate in the past year.

Exchange Rate Analysis

The Omani Rial (OMR) has been trading against the US Dollar (USD) in a relatively stable range over the past year. The lowest OMR to USD exchange rate in the last year was 2.5898 US Dollars per Omani Rial on April 1, 2024.

Looking at the exchange rate over the past 30 days, we can see that the high was 2.5997 and the low was 2.5973, with an average rate of 2.5978. This means that the OMR has been trading within a very narrow range, with a volatility of only +0.003%.

For those looking to exchange a large amount of OMR to USD, it's worth noting that the best exchange rates are often found when exchanging larger amounts. For example, exchanging 10,000 USD would get you 38,500 OMR, while exchanging 50,000 USD would get you 19,250 OMR.

Highest Exchange Rate in the Last Year

Credit: youtube.com, Exchange Rates and Trade

The highest OMR to USD exchange rate in the last year was 2.5997 US Dollars per Omani Rial, which occurred on December 26, 2024.

This rate was not a one-time event, but rather a peak in a trend that continued over several months. In fact, the same high rate of 2.5997 was also reached over the last 90 days, with no significant deviation.

To give you a better idea of the exchange rate fluctuations over the past year, here's a breakdown of the high and low rates over the last 30 and 90 days:

As you can see, the exchange rate has been relatively stable, with minimal fluctuations over the past 90 days.

Year-over-Year Direction

The Omani Rial has decreased in value compared to the US Dollar over the past year, with a decline of -0.01%. This means the OMR/USD rate has gone down.

In fact, the Omani Rial has lost purchasing power compared to the US Dollar over the last decade, with a decline of -0.06% against the US Dollar over the past 10 years.

Credit: youtube.com, Is this the week we determine the direction of rates?

Interestingly, the Omani Rial has also decreased year-to-date against the US Dollar, with a loss of -0.005% so far this year.

This downward trend suggests that the Omani Rial is not as strong as it once was compared to the US Dollar, and may not be the best choice for international transactions or investments.

Exchange Rate Information

The Omani Rial (OMR) to US Dollar (USD) exchange rate is a crucial piece of information to have when traveling or conducting business in Oman. The highest OMR to USD exchange rate in the last year was 2.5997 US Dollars per Omani Rial on December 26, 2024.

To give you a better idea of the exchange rate fluctuations, here are the high and low points for the last 30 and 90 days:

As of January 5, 2025, the best OMR to USD exchange rate is 2.5974 USD, meaning that for every Omani Rial you exchange, you will receive 2.5974 US Dollars.

When to Convert?

Credit: youtube.com, Converting Currency (FX) - Should I Multiply or Divide?

The best time to convert OMR to USD is between 3-4 PM GMT, when currency market liquidity and trading volume are at their highest.

This time frame is ideal for converting Omani Rials to US Dollars because it allows you to take advantage of the most active trading period.

Markets are open 24x5, starting from Monday mornings in Sydney and closing on Fridays at 5 PM in New York.

To avoid delayed settlements, it's advisable to convert Omani Rials to US Dollars early in the week if you need USD urgently.

Forex markets are closed on weekends, which means executing a trade late in the week might result in a delayed settlement until the following week.

Rial vs Dollar Exchange Rate

The Omani Rial (OMR) has had a relatively stable exchange rate against the US Dollar (USD) over the past few years. In the last 30 days, the OMR to USD exchange rate has fluctuated between $2.5973 and $2.5977.

Credit: youtube.com, What is the US Dollar Exchange Rate vs Major Currencies?

The OMR is currently stronger than the USD, with 1 OMR equal to $2.5974 USD. This means that for every OMR you exchange, you'll receive approximately 2.5974 USD.

The highest OMR to USD exchange rate in the last 10 years was on March 28, 2016, when each OMR was worth $2.6158 USD. In the last year, the high point for the OMR/USD rate was $2.5997 USD per OMR on December 26, 2024.

Here's a comparison of the OMR to USD exchange rate over the last 30 and 90 days:

As you can see, the exchange rate has been relatively stable, with minimal fluctuations over the past few months. If you're planning to exchange OMR to USD, it's essential to check the current exchange rate to get the best possible deal.

Frequently Asked Questions

How much is 1 Oman to 1 dollar?

As of 31/12/2024, 1 Omani Rial is equivalent to approximately 2.60 US Dollars. Check the live currency converter for the latest exchange rate and more details.

What country uses OMR?

The Omani rial (OMR) is the national currency of Oman, a country located on the southeastern coast of the Arabian Peninsula. Oman is a sovereign state in the Middle East.

Sheldon Kuphal

Writer

Sheldon Kuphal is a seasoned writer with a keen insight into the world of high net worth individuals and their financial endeavors. With a strong background in researching and analyzing complex financial topics, Sheldon has established himself as a trusted voice in the industry. His areas of expertise include Family Offices, Investment Management, and Private Wealth Management, where he has written extensively on the latest trends, strategies, and best practices.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.