AUD to OMR Exchange Rate

The lowdown on the Omani Rial

Economical Influences on the Omani Rial Exchange Rate

If you are considering converting AUD to OMR, it’s good to get a snapshot on how the economy may influence the Omani rial.

Oman's economy is heavily dependent on gas and oil commodities, which account for between 68% and 85% of government revenue.¹

Based on the fluctuations of oil prices, and to rely less on its reserves for GDP, Oman is making an effort to diversify its economy through industrialising and privatising.¹

Oman is using enhanced oil recovery techniques to help boost their production and to assist their economy while they diversify.¹

Omani Rial Historical Exchange Rate

The Omani rial has remained relatively stable over the past 5 years, despite the fluctuation of oil prices.¹

At the end of June 2014 the AUD was buying around 0.36 OMR, almost a year later that figure had improved to 0.29 OMR per AUD at the end of June 2015.¹

Middle of January 2016, 1 AUD was worth 0.26379 OMR, a slight improvement on 2015’s performance.²

Fast-forward to 8 September 2017 and the AUD had improved slightly on the OMR, buying around 0.31 OMR per AUD.²

During the past decade the AUD to OMR fluctuated between 1 AUD to 0.24 OMR on 6 March 2009 and 1 AUD to 0.42 OMR on 31 July 2011.²

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^Sources:

<sup>1. Central Intelligence Agency - https://www.cia.gov/library/publications/the-world-factbook/geos/mu.html
2. XE - https://www.xe.com/currencycharts/?from=AUD&to=OMR&view=5Y</sup>

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