2024-04-29 Qatari Rial News

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

Comprehensive Analysis

Based on the provided data, the following is a detailed analysis highlighting the overall trend, seasonality and outliers in the QAR exchange rates over the given time period.

1. Overall Trend

The overall trend of the exchange rate seems more volatile than stable during the period under review. The rate began at 0.37229 on 29th March 2024 and ended at 0.37510 on 26th April 2024, showing a slight increase over the course of about a month. However, there were several fluctuations throughout this period, with the rate rising and falling multiple times. Thus, it doesn't follow a steadily increasing or decreasing trend.

2. Seasonality

The dataset does not immediately show strong trends of seasonality or recurring patterns. Given that the timestamps are in increments of a few hours, regular daily patterns might be obscured. More granular data (with more frequent time intervals) might reveal daily fluctuations related to market opening and closing times. At the same time, due to the volatile nature of the exchange rate observed throughout this period, it's hard to spot a clear-cut seasonal pattern.

3. Outliers

At first glance, a large drop in the exchange rate on April 3rd and 4th from about 0.372 to around 0.370 may be considered an outlier as it signifies a sudden drop when compared to the surrounding data points. There are also significant fluctuations towards the end of this series with the rate rising to 0.37853 on April 12th, dropping to 0.37719 on the 19th, and then rising again to 0.37984 on the 16th. These peaks and troughs could be surprising based on the broad trend analysis and may be considered outliers.

However, the very definition of 'outliers' depends on the characteristics of the time series in question and the context. In the absence of any concrete information about standard deviations of the changes, or other statistical metrics, these supposed outliers are based on descriptive observations rather than stringent statistical definitions.

riod Over the course of two weeks in April 2024, the exchange rate for the Qatari Riyal (QAR) has experienced significant fluctuations, showcasing a dynamic and unpredictable nature in global markets. Beginning March 29, 2024, the QAR''s value steadily decreased from 0.37229 to a low of 0.37082 on April 4, reflecting a relative weakening of the currency in the foreign exchange markets. This downward trend was struck with volatility as the rate rose on April 9 to a week-high of 0.37330, an approximately 0.7% increase. However, the QAR’s most dramatic rise occurred between April 10 and 12, when it climbed from 0.37482 to hit a high of 0.37853. This sharp increase conveyed a period of strengthening for the Qatari Riyal, increasing by approximately 1%. Exchange rates are critical in international finance, as they set the stage for trade, investment, and transactions between countries. These rate fluctuations can influence various aspects of a country''s economy, such as inflation, interest rates, and the macroeconomic performance. They can also significantly impact both companies and investors involved in foreign trade or investments. The volatility in the QAR''s exchange rate can be indicative of changing trade relations, shifts in economic health, and other impactful global economic events. Such fluctuations can, therefore, correlate with the economic policies and performances of other countries—particularly those heavily engaging in trade with Qatar. These changes in the QAR''s value not only impact exchange markets but can also affect Qatari companies with foreign operations, international investors, and import and export-intensive industries. Investors and businesses that can quickly adapt to these changes could stand to profit, while those less prepared may face risks. The question that remains on many market-watchers'' minds is: what''s causing these constellations of changes, and more importantly, how long-lasting will they be? Predicting foreign exchange rates is notoriously complex, requiring consideration of everything from international trade balances to geopolitical developments. Yet, as the QAR''s volatility highlights, it''s precisely this uncertainty that also offers opportunities. Savvy investors and multinational corporations are watching these trends closely for a chance to capitalize on the rapid shifts to make strategic decisions. Looking forward, many economic factors could further impact the QAR exchange rate. Market saturation, oil prices, inflation rates, and global economic stability are among the many influencers that could potentially shape the currency''s future trajectory on the global forex stage. Understanding this complex interplay of factors in currency exchange rates can be vital for businesses and individuals planning international financial activity. A wise response to currency volatility can mean the difference between profits gained or losses incurred. Investors and financial analysts are, therefore, advised to keep tabs on active trends in the Qatari Riyal''s performance to make informed decisions in their financial planning and investments. As the month of April closes out, the global financial market waits in anticipation of what lies ahead in the dynamic world of forex.QAR Exchange Rate Endures Volatile Swings in Two-week Period

Current Middle Market Exchange Rate

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