2024-04-17 Rial Omani News
2024-04-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
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.
Outliers
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.
