Convert Omani Rial to US Dollar
Convert Omani Rial (OMR) to US Dollar (USD) using daily updated exchange rates.
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Exchange Rate
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About Omani Rial
The Omani Rial (OMR) is the official currency of the Sultanate of Oman and one of the highest-valued currencies in the world by exchange rate. Introduced in 1973 to replace the Saidi rial, it has been pegged to the US Dollar at 0.3845 OMR per USD since 1986. This peg has remained stable even during periods of lower oil prices, supported by government reserves. The Central Bank of Oman manages the peg. Oman is a major oil and natural gas producer on the Arabian Peninsula, though it is also investing in diversification through tourism, logistics, and manufacturing.
About US Dollar
The US Dollar (USD) is the world's primary reserve currency, used in approximately 88% of all foreign exchange transactions globally. Introduced in 1792 with the Coinage Act, the dollar became the cornerstone of the international monetary system under the 1944 Bretton Woods Agreement. Even after the gold standard was abandoned in 1971, the dollar maintained its dominant status - oil and most global commodities are priced in dollars, and major sovereign debt is primarily denominated in USD. The Federal Reserve System (Fed) manages US monetary policy.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).