Adrienne Fuller is the head of publishing at Finder. With a decade of experience creating guides in finance and education, she aims to deliver the accurate and transparent information she wishes she had when she made some of life's important financial decisions. For the past 3 years she has been the publisher of money transfers, helping readers save when they send money all over the globe. She has a BA from Colorado College and loves to hike with her two Catahoula dogs around her home in San Diego.
US Dollar to Omani Rial Exchange Rate
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How can I get the best exchange rate between the US dollar and the Omani rial?
The Omani rial is pegged to the US dollar at a fixed value so finding the best exchange rate between the two currencies should be simple. According to official data, the Central Bank of Oman buys US dollars at 0.384 rial and sells US dollars at 0.385 rial.
Omani rials may be hard to come by outside of Oman, so consider exchanging your dollars to rial after you’ve arrived. You’ll find competitive rates in the capital city of Muscat at foreign exchange counters in malls and shopping centers. Rates at the airport may not be as good, but getting at least a small amount of cash there to pay for things like buses and taxis is always a smart move.
If you need to send money to someone in Oman, always pick the money transfer service that offers the lowest fees and exchange rate closest to the mid-market rate. Also, research the reputation of the service provider and read reviews before sending money.
|Bank notes:||$1, $5, $10, $20, $50, $100|
|Coins:||1c, 5c, 10c, 25c, 50c|
|Bank notes:||100, 200 baisa, 1⁄2, 1, 5, 10, 20, 50 rials|
|Coins:||5, 10, 25, 50, 100 baisa|
What affects exchange rates between the US dollar and the Omani rial?
Because the Central Bank of Oman maintains a fixed exchange rate policy with the US dollar, the exchange rate between these two currencies doesn’t change. The only thing that can make the exchange rate change is a modified policy by the Central Bank of Oman.
Things that could affect the opinion of policymakers in Oman in regard to the exchange rate include the performance of the US dollar compared to other major currencies, interest rates in the US, and economic development and inflation in Oman.
An interesting thing to note about the Omani rial is that it ranks number three on the list of the highest-valued currencies in the world, after the Kuwaiti dinar and the Bahraini dinar.
Send money from USD to OMR
How does the Omani rial trade against the US dollar historically?
The exchange rate of the Omani rial has remained fixed to the US dollar since 1973. Initially the fixing rate was set at 1 rial = 2.895 US dollars, until it was changed to 1 rial = 2.6008 US dollars in 1986.
There has been some speculation in recent years that Oman may be forced to abandon its US dollar peg due to weakening oil prices. According to some media reports, Oman has seen a rapid depletion of its foreign exchange reserves as it works to defend the currency peg. Nevertheless, as of 2018, the Central Bank of Oman says it has no plan on changing the dollar peg.
US Dollar to the Omani Rial for the last 10 days
|Feb 16||Feb 17||Feb 18||Feb 19||Feb 20||Feb 21||Feb 22||Feb 23||Feb 24||Feb 25|
|1 USD =||0.3850 Inverse: 2.5971||0.3850 Inverse: 2.5975||0.3850 Inverse: 2.5976||0.3850 Inverse: 2.5972||0.3850 Inverse: 2.5972||0.3850 Inverse: 2.5976||0.3850 Inverse: 2.5976||0.3850 Inverse: 2.5975||0.3850 Inverse: 2.5972||0.3850 Inverse: 2.5972|
US Dollar to the Omani Rial for the last 10 months
|Apr 2019||May 2019||Jun 2019||Jul 2019||Aug 2019||Sep 2019||Oct 2019||Nov 2019||Dec 2019||Jan 2020|
|1 USD =||0.3844 Inverse: 2.6014||0.3849 Inverse: 2.5979||0.3850 Inverse: 2.5974||0.3850 Inverse: 2.5977||0.3850 Inverse: 2.5973||0.3850 Inverse: 2.5974||0.3850 Inverse: 2.5977||0.3850 Inverse: 2.5975||0.3850 Inverse: 2.5972||0.3850 Inverse: 2.5972|
US Dollar to the Omani Rial for the last 10 years
|Feb 2010||Feb 2011||Feb 2012||Feb 2013||Feb 2014||Feb 2015||Feb 2016||Feb 2017||Feb 2018||Feb 2019|
|1 USD =||0.3845 Inverse: 2.6008||0.3845 Inverse: 2.6008||0.3845 Inverse: 2.6010||0.3849 Inverse: 2.5983||0.3850 Inverse: 2.5976||0.3848 Inverse: 2.5985||0.3850 Inverse: 2.5974||0.3850 Inverse: 2.5973||0.3850 Inverse: 2.5975||0.3850 Inverse: 2.5974|
Market rate for common transfer amounts USD to OMR
|US Dollars (USD)||Omani Rial (OMR)|
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