2024-05-09 Qatari Rial News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
After going through the provided time-series financial data, here is a comprehensive analysis:1. Overall QAR Exchange Rate Trend
Looking at the dataset, it appears that the QAR exchange rate, for the most part, is relatively stable throughout the period shown. There's a slight increase in the value at the start, but this isn't a steadfast rule for each time segment. Eventually, the slight inflation steeps downwards, only to stabilise again. Towards the end, there's a trivial slump.
2. Seasonality or Recurring Patterns
With respect to seasonality or recurring patterns, the present dataset does not provide a clear repeated pattern in the exchange rates. This might be due to the frequent and irregular fluctuations in rates. Moving forward, if any pattern may exist, it would require a dataset with a broader range of data points and extensive time period or deploying advanced statistical model techniques to unearth any latent seasonality patterns.
3. Outliers
As for outliers, which are values that deviate significantly from other observations, none have been noticed in the given dataset. The QAR exchange rate seems to be varying within a narrow range suggesting that either it's well managed to reduce volatility, or the market conditions during this period were stable. But certainly, a statistical analysis could provide a more concrete understanding of any outliers in the dataset.
Note: It's important to remember that foreign exchange rates are influenced by a myriad of factors including economic indicators, geopolitical events, and market sentiment among others. Therefore, even though specific events such as market opening/closing times, weekends/holidays, and key financial news were not considered in this analysis, they can have significant impacts on the rates.
![QAR Exchange Rates Display Unsettling Volatility Throughout the Day](http://currencymart.net/images/news/qatari-rial/2024-05-09/img-4IYSrR0bcMeVBCwo4jqiGAbQ.webp)