As of February 2025, 100 Omani Rials is approximately equivalent to 259.76 US Dollars, reflecting the strength of the Omani Rial against the US Dollar.
The Omani Rial is divided into 1,000 baizas, with 1 baiza being similar in value to one hundredth of a Rial.
This subdivision allows for precise transactions in smaller amounts.
Oman has a relatively high cost of living compared to many other countries in the region, which affects purchasing power.
For example, a meal at a mid-range restaurant can cost around 5-10 OMR.
With 100 OMR, one could typically afford a month’s worth of groceries for a small family, as basic food items tend to be reasonably priced, with a loaf of bread costing around 0.5 OMR.
The price of fuel in Oman is quite low compared to global standards, with 1 litre of petrol costing around 0.2 OMR, which means 100 OMR could fill a standard car’s tank several times.
If you’re looking to rent a small apartment in Muscat, monthly rents can vary widely, but a modest studio or one-bedroom apartment in the city center can cost between 200-350 OMR, making 100 OMR suitable for a shared living arrangement.
The average ticket price for a domestic flight within Oman is around 20-30 OMR, so 100 OMR could cover multiple round trips, making travel within the country quite accessible.
In terms of entertainment, a cinema ticket in Oman costs about 3-5 OMR, meaning you could potentially watch 20-30 movies with 100 OMR, providing a significant budget for leisure activities.
Oman is rich in historical sites, and entrance fees to places like forts or museums typically range from 1-5 OMR, allowing for numerous visits to cultural spots with 100 OMR.
The telecommunications market in Oman offers various prepaid and postpaid plans, with a decent mobile data package costing around 10 OMR per month.
Therefore, 100 OMR could cover a year's worth of mobile service.
The average price of a new smartphone in Oman can range from 100 to 300 OMR, so with 100 OMR, you could purchase a mid-range device or contribute to a higher-end model.
A standard consultation with a private doctor can cost about 20-50 OMR, making 100 OMR sufficient for multiple visits or a full health check-up.
The Omani Rial has a fixed exchange rate with the US Dollar, pegged at approximately 1 OMR to 2.6 USD.
This stability allows for predictable currency exchange, which is helpful for budgeting.
Oman has invested heavily in renewable energy projects, particularly solar power, which could affect the cost of utilities in the future.
Understanding these trends can be crucial for financial planning.
In terms of education, private school fees in Oman can range from 1,000 to 8,000 OMR per year.
Therefore, 100 OMR might be a small contribution towards educational costs.
The cost of public transportation in Oman is relatively low, with bus fares generally around 0.5 OMR, allowing for extensive travel within cities on a modest budget.
The Omani economy is heavily reliant on oil, and fluctuations in oil prices can significantly impact the cost of living and purchasing power in the country.
Oman has a unique tradition of handicrafts, and local markets offer items like khanjars (traditional daggers) and pottery, which can be purchased for as little as 5-10 OMR each, promoting local artisans.
In the context of tourism, 100 OMR could also cover a guided tour of popular destinations in Oman, which often ranges from 30 to 100 OMR depending on the length and inclusions of the tour.
Lastly, the Omani government has been promoting economic diversification, aiming to reduce dependency on oil by investing in sectors like tourism, logistics, and fisheries, which may affect future purchasing dynamics in the country.