2024-04-26 Qatari Rial News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend of the exchange rates
Based on the provided data, the exchange rates of QAR have seen a general downward trend during the period recorded. There has been a gradual decrease in the rates, starting from an initial value of 0.37607 and ending at 0.37504. There were fluctuations in the exchange rate values, with the highest rate being 0.37705 and the lowest being 0.37498. However, the quick inspections shows a larger number of decreases than increases.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
The data does not show clear daily patterns or seasonality in QAR's exchange rates. The changes in rates don't seem to occur in a regular, predictable pattern. Instead, they seem more random, given that they are potentially influenced by a wide range of different factors. This means the exchange rate can rise or fall at any time of the day.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Within the data, there are some instances where the exchange rates spiked or dipped significantly within short periods. For example, a significant spike is observed around the timestamps of "2024-04-25 08:15:02" and "2024-04-25 08:05:03" where exchange rates jumped from 0.37668 to 0.37705, the highest value in the dataset. Similarly, a noteworthy dip is observed during the timestamps of "2024-04-25 14:05:03" and "2024-04-25 14:30:03", where the exchange rate reduced from 0.37516 to 0.37498, the lowest value in the dataset. These instances are outliers that significantly deviate from the general decreasing trend
.