Exchange Rate in Oman

Oman Exchange Rate | Economic News & Forecasts

Oman - Exchange Rate

With the economy still below pre-pandemic levels at the end of 2021, growth likely remained moderate in Q1 2022. The emergence of the Omicron variant led the government to force non-essential businesses to close in February, while inflation was elevated in Q1 compared to 2021 on high commodity prices, likely denting private spending. Turning to Q2, momentum has gradually gathered. Covid-19 cases have subsided, allowing the government to relax restrictions. Near-decade high oil prices and rising oil production are boosting the external and fiscal balances, leading S&P to upgrade the country’s sovereign debt rating to ‘BB-’ with a stable outlook in April. That said, interest rate increases will be dampening investment. Meanwhile, an economic slowdown in China—the main buyer of Oman’s oil—is likely denting demand for hydrocarbon exports.

Oman - Exchange Rate Data

2015   2016   2017   2018   2019  
Exchange Rate (vs USD)0.39  0.39  0.39  0.39  0.39  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Oman Exchange Rate Chart


Oman Exchange Rate
Note: Omani rial (OMR) per U.S. dollar
Source: Thomson Reuters.

Oman Facts

Value Change Date
Exchange Rate0.390.06 %Dec 31

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

Search form