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US dollar to Omani rial exchange rate

Find the best USD/OMR exchange rate for 21 Apr 2021.

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= ر.ع. 0.3850

Refreshing in: 60s | Wed, Apr 21, 04:11AM GMT

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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.

US Dollar

The US dollar is the most traded currency in the world. The world’s unofficial reserve currency, it can be found in most major currency pairs. In forex, it’s an important benchmark and target rate for countries that fix or peg their currencies against its value. It is also used as the standard currency for oil, precious metals and other commodities.
Currency:US Dollar
Currency Symbol:$
Sub unit:cents
Bank notes:$1, $5, $10, $20, $50, $100
Coins:1c, 5c, 10c, 25c, 50c

Omani Rial

The rial is the official currency of Oman, a country on the Arabian Peninsula. With a terrain of desert, riverbed oasis and coastline, it has seen significant economic growth since the discovery of oil in 1964.
Currency:Omani Rial
Currency Symbol:ر.ع.
Sub unit:baisa
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.

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Best ways to send money to Oman

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

Apr 11 Apr 12 Apr 13 Apr 14 Apr 15 Apr 16 Apr 17 Apr 18 Apr 19 Apr 20
1 USD = 0.3849 Inverse: 2.5981 0.3850 Inverse: 2.5974 0.3850 Inverse: 2.5974 0.3850 Inverse: 2.5975 0.3850 Inverse: 2.5973 0.3850 Inverse: 2.5974 0.3850 Inverse: 2.5973 0.3853 Inverse: 2.5956 0.3850 Inverse: 2.5975 0.3850 Inverse: 2.5974

US Dollar to the Omani Rial for the last 10 months

Jun 2020 Jul 2020 Aug 2020 Sep 2020 Oct 2020 Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021
1 USD = 0.3850 Inverse: 2.5976 0.3850 Inverse: 2.5974 0.3850 Inverse: 2.5974 0.3850 Inverse: 2.5975 0.3850 Inverse: 2.5975 0.3850 Inverse: 2.5974 0.3850 Inverse: 2.5973 0.3850 Inverse: 2.5974 0.3850 Inverse: 2.5975 0.3850 Inverse: 2.5974

US Dollar to the Omani Rial for the last 10 years

Apr 2011 Apr 2012 Apr 2013 Apr 2014 Apr 2015 Apr 2016 Apr 2017 Apr 2018 Apr 2019 Apr 2020
1 USD = 0.3845 Inverse: 2.6008 0.3848 Inverse: 2.5989 0.3849 Inverse: 2.5978 0.3850 Inverse: 2.5974 0.3849 Inverse: 2.5981 0.3850 Inverse: 2.5974 0.3850 Inverse: 2.5972 0.3850 Inverse: 2.5974 0.3850 Inverse: 2.5976 0.3852 Inverse: 2.5958

Market rate for common transfer amounts USD to OMR

US Dollars (USD) Omani Rial (OMR)
$1 0
$100 0
$500 0
$1000 0
$1500 0
$2500 0
$5000 0

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2 Responses

    Default Gravatar
    NahashonAugust 16, 2018

    I want to sell my 100 baisa note……where can i sell it

      Avatarfinder Customer Care
      johnbasanesAugust 16, 2018Staff

      Hi Nahashon,

      Thank you for leaving a question.

      On selling your 100 Baisa note, you may go to a local bank to exchange it or any reputable currency exchange shop near your area. Please note that the currency exchange fluctuates and may be converted at a different price depending on the day you sell the note. Hope this helps!

      Cheers,
      Reggie

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