Exchange Rate in Oman

Oman Exchange Rate | Economic News & Forecasts

Oman - Exchange Rate

While oil production dipped in January–September in annual terms, hindered by OPEC+ production cuts, the non-oil economy appears to be humming along well. Inflation averaged a mere quarter of a percent in January–September, which should have supported private spending, while bank lending rose at a healthy pace in January–August in annual terms, which should have buffered fixed investment. Looking at the public purse, the fiscal deficit narrowed by a quarter in January–August compared to the same period a year earlier, thanks to higher revenue. Nevertheless, the government remains reliant on volatile oil revenues and, in late October, S&P Global Ratings said it would cut its sovereign credit rating of Oman if the government fails to curtail rising debt linked to its sizable fiscal deficits.

Oman - Exchange Rate Data

2013  2014  2015  2016  2017  
Exchange Rate (vs USD)0.39  0.39  0.39  0.39  0.39  

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Oman Exchange Rate Chart


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

Oman Facts

ValueChangeDate
Exchange Rate0.390.06 %Sep 04
Stock Market0.10.0 %Sep 04

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