Fixed Exchange Rate
From 1973 to 1986, the rial was pegged to U.S. dollar at 1 rial = 2.895 dollars. In 1986, the rate was changed to 1 rial = 2.6008 dollars, which translates to approximately 1 dollar = 0.384497 rial. The Central Bank buys U.S. dollars at 0.384 rial, and sell U.S. dollars at 0.385 rial. Before Malta's adoption of the euro on 1 January 2008, it was the fourth highest-valued currency unit after the Kuwaiti dinar, Maltese lira, and the Bahraini dinar. Now it is the third highest.
| Current OMR exchange rates | |
|---|---|
| From Google Finance: | AUD CAD CHF EUR GBP HKD JPY USD INR CNY KRW |
| From Yahoo! Finance: | AUD CAD CHF EUR GBP HKD JPY USD INR CNY KRW |
| From XE.com: | AUD CAD CHF EUR GBP HKD JPY USD INR CNY KRW |
| From OANDA.com: | AUD CAD CHF EUR GBP HKD JPY USD INR CNY KRW |
| From fxtop.com: | AUD CAD CHF EUR GBP HKD JPY USD INR CNY KRW |
Read more about this topic: Omani Rial
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