OMR/ZAR
Market Open
15 Jun, 09:45
R
42. 09
+0.008944
+0.0213%
R
97,536 Volume
R 42.078201
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OMRZAR Overview
OMRZAR denotes the exchange rate between the Omani rial and the South African rand, showing how many rand one Omani rial can purchase. It is quoted as OMRZAR and is used to price transactions, conversions and cross-currency exposure between the two economies.
The Omani rial (OMR) is the official currency of the Sultanate of Oman and is issued by the Central Bank of Oman. It functions as the primary medium of payment within Oman and is managed through the central bank’s monetary and foreign exchange operations.
The South African rand (ZAR) is the legal tender of the Republic of South Africa and is issued by the South African Reserve Bank. The rand is a widely traded emerging-market currency and plays a central role in regional trade and financial markets in southern Africa.
The OMRZAR rate is determined by market supply and demand and is influenced by relative interest rates, inflation differentials, central bank policy decisions, commodity prices and geopolitical developments. Economic data and risk sentiment also affect capital flows between the two countries, moving the cross rate.
OMRZAR matters for importers, exporters, investors and currency traders seeking to hedge exposure, manage costs of cross-border payments or speculate on movements stemming from macroeconomic shifts.
The Omani rial (OMR) is the official currency of the Sultanate of Oman and is issued by the Central Bank of Oman. It functions as the primary medium of payment within Oman and is managed through the central bank’s monetary and foreign exchange operations.
The South African rand (ZAR) is the legal tender of the Republic of South Africa and is issued by the South African Reserve Bank. The rand is a widely traded emerging-market currency and plays a central role in regional trade and financial markets in southern Africa.
The OMRZAR rate is determined by market supply and demand and is influenced by relative interest rates, inflation differentials, central bank policy decisions, commodity prices and geopolitical developments. Economic data and risk sentiment also affect capital flows between the two countries, moving the cross rate.
OMRZAR matters for importers, exporters, investors and currency traders seeking to hedge exposure, manage costs of cross-border payments or speculate on movements stemming from macroeconomic shifts.
OMRZAR Chart
OMRZAR FAQ
What is the current OMR/ZAR price?
The current rate is R42.087144, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the OMR/ZAR rate changed today?
The rate has changed by +0.008944 (+0.0213%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was R42.078201, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is OMR/ZAR moving up or down?
Movements in OMR/ZAR are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+0.0213%) is based on the difference between the current rate and the previous closing rate.
Is OMR/ZAR trending up or down right now?
If the current rate (R42.087144) is above the previous close (R42.078201), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for OMR/ZAR directly on this page.
