2024-05-22 Qatari Rial News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the QAR Exchange Rate
The exchange rate dataset you provided displays Qatari Riyals (QAR) rates at different points in time. In fact, these rates are displayed at regular intervals, making it a time series dataset. Our analysis has highlighted three key findings that address your goals.
1. General Trend
Initially, around 00:00 am, the exchange rate starts at 0.3745. The value then fluctuates up and down minimally throughout the day and into the next day, however, it maintains a range roughly between 0.3741 and 0.3752 for the significant part of the data, with a couple of drastic exceptions. Around 7:35 am, there is a sudden spike in the exchange rate, where it first jumps to 0.37477 followed by a significant increase to 0.37513 at around 7:40 am. This marks the highest point in the dataset. The exchange rate also dropped to its lowest point at 21:05 with a value of 0.37417. In general, though the dataset shows minor fluctuations around the mid 0.374 region, the overarching trend does not show a prominent increase or decrease, and the exchange rate mostly remains stable around the mid to high 0.374.
2. Seasonality
From the data, there is no strong seasonality or cyclical patterns that can be observed over the period described. This is not unusual for exchange rate data, which can be heavily influenced by a variety of unpredictable macroeconomic factors. There could still be patterns on a larger scale, but the dataset provided isn't broad enough in terms of timeframe to identify such patterns.
3. Outliers
There are a few data points that could be considered outliers as they are not consistent with the surrounding exchange rate values. The most notable of these are the high point of 0.37541 at 08:05 and the significant low point of 0.37393 seen at around 7:00 am and 7:05 am. These values are noticeably different from the majority of the dataset, which tends to hover around the mid 0.374 range and could be worth investigating further.
In all, the dataset shows a somewhat stable behavior of the QAR exchange rate within minor fluctuations except for a few key instances. The data might be influenced by external factors but for the purpose of this analysis, we have not considered those elements.
![QAR Exchange Rate Sees Moderate Fluctuation During 24-hour Trade](http://currencymart.net/images/news/qatari-rial/2024-05-22/img-qhtvGfIid5zDLRi9W7TXCYbz.webp)