2024-04-17 Rial Omani News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:


Overall Trend

After examining the provided time-series data, it is evident that the exchange rates have experienced minor fluctuations. Unlike the sustained upward or downward trends, the OMR exchange rates seem to hover around a central point, deviating only mildly in either direction. Thus, the exchange rates appear relatively stable over the period covered.

Seasonality and Recurring Patterns

In terms of seasonality or recurring patterns, a granular perspective, for instance, on an hourly or daily basis, would necessitate a more exhaustive time series analysis. However, from the data provided, no immediate clear seasonal or recurring pattern is apparent. The exchange rates fluctuate within a range, and it appears to be more random fluctuations than cyclical or seasonal changes.


Several potential outliers or significant deviations from the trend. After visual inspection, no significant spikes or drops in the exchange rates that deviate heavily from the surrounding data points were noted. In other words, the fluctuations in the exchange rates, while present, appear normal and thus no particular outliers can be pinpointed without a more in-depth analysis.

It's vital to mention that the financial market is influenced by an assortment of external factors. The analysis provided here is purely based on the provided data and does not factor in elements such as market opening/closing hours, holidays, weekends, or the release of key financial news and reports. Therefore, a more comprehensive analysis would ideally include these factors as well for a more accurate interpretation.

nges The Omani Rial (OMR) saw a slight volatility in its exchange rate during yesterday''s trading period, Apr 16, 2024, as market conditions experienced minor shifts. While the changes aren’t significant, they''re indicative of trends that investors and financial observers should be aware of. At the beginning of the trading day, the OMR exchange rate was at a steady 3.58442. Throughout the morning until midday, the rate demonstrated minor fluctuations between 3.58279 and 3.58753, signaling a mixed market sentiment. The afternoon trade saw a rapid incline, with the highest rate reaching a value of 3.59642. However, this peak eventually gave way to slight volatility with the value ending at the day at 3.59056. The fluctuations, albeit minimal, represent the constant tug of war between buyers and sellers in the financial market. These changes in the OMR exchange rate can be attributed to various macroeconomic factors and market sentiments. Currency exchange rates are known to be influenced by factors such as economic indicators, political developments, and sentiments in the global marketplace. For the economic sector, particularly businesses with interests in Oman, a volatile OMR exchange rate could signify the need for careful planning and hedging of foreign currency risks. Moreover, for investors, these fluctuations represent opportunities for trading and profiting from the shifts in the currency market trade. As we move forward, market watchers and analysts forecast a period of increased volatility in the currency markets. Factors such as geopolitical issues and economic uncertainties are likely to result in unpredictable swings. As such, investors and businesses are advised to keep a close eye on market movements and news relating to the Omani Economy. Accordingly, forex traders and international corporations doing business with Oman will need to keep tabs on these developments and consider potential effects for their operational and trading strategies. That could mean hedging exchange rate risks or, for investors with a more speculative bent, trying to anticipate and profit from the currency''s movements. The financial market is ever-fluid, full of opportunities yet plagued with risks. The slight volatility in the OMR exchange rate serves as a reminder of the importance of staying updated with market trends, to not only minimize potential risks but also to leverage potential opportunities. Remember, knowledge is the best tool in any financial venture.OMR Exchange Rate Sees Slight Volatility Amid Market Changes

Current Middle Market Exchange Rate

For information purposes only.