2024-04-22 Qatari Rial News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend of Exchange Rates
In general, the QAR exchange rate depicted in the dataset seems to exhibit a slight upward trend over the period under scrutiny. Initially, the rates begin at around 0.3725. They then fluctuate with slight increments and drops over time, ultimately reaching a peak near 0.37987 before closing off at around 0.37747. This portrays a typically fluctuating, yet overall increasing pattern, signifying a slightly appreciative tendency of the currency in relation to the one it's being compared to.
Identification of Seasonality and Recurring Patterns
Given that the timestamps contain hourly data, assessing seasonality can be challenging mainly because the pronounced seasonality in financial data often manifests over longer cycles such as daily or weekly patterns. In this dataset, however, no clear patterns of that nature stand out. The rates seem to fluctuate in somewhat random manner, oscillating without a ciphered frequency that might signal a seasonal pattern. Therefore, for the given dataset and specified objectives, seasonality might not be a vitally relevant phenomenon.
Note on Outliers
Outliers in this dataset would be instances where the exchange rate experiences a sharp rise or fall within a short period. There seem to be a few instances where there are unusual increases in the rates. For instance, the spike observed from 0.37235 to 0.37482, and the subsequent rise to 0.37552 and all the way up to 0.37853 appear disproportionate compared to the rest of the data points. However, these outliers are to be expected in financial time series data and often reflect reactions to real-time events in the world economy.
