OMR Exchange Rates Witness Steady Upswing Over Two Weeks
2024-04-21
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
1. Overall Trend of Exchange Rates
Upon glancing through the dataset and focusing on the exchange rates (OMR), it appears that rates are mostly increasing over the given period, with some fluctuations from time to time. The data begins at a rate of 3.5229 and appears to gradually increase to a rate of 3.56955 by the end of the dataset. Therefore, the general trend can be said to be upwards.
2. Seasonality or Recurring Patterns in Exchange Rates
From the dataset, it's challenging to explicitly determine any strong seasonality or recurring patterns in the exchange rates as the data seems to fluctuate at irregular intervals. More specifically, there doesn't seem to be any consistent time frame in which rates drastically go up or down that would indicate any sort of seasonal influence. However, more sophisticated statistical analysis methods such as Autoregressive Integrated Moving Average (ARIMA) or time-series decomposition would be necessary to conclusively determine any presence of seasonality or recurring patterns with the given data.
3. Outliers in Exchange Rates
In terms of outliers, one noticeable instance occurs at the timestamp '2024-04-10 08:00:03' where there's a sudden jump in the exchange rate from 3.52204 to 3.54543. Another steep rise can be seen by '2024-04-12 14:00:01' where the rate goes up to 3.58034. Again sophisticated outlier detection techniques would give a more accurate depiction of any anomalous instances.
4. External Factors Influencing Exchange Rates
Even though you've mentioned not to consider any specific events or external factors, it's crucial to note that in real-world scenarios, things like market open/close hours, weekends/holidays, and the release of key financial news and reports could indeed significantly impact the exchange rates. While we can observe overall trends and patterns, these external events could lead to fluctuations unexplained by the purely quantitative data. Therefore, an in-depth understanding of the context of this information could make even more sense out of these exchange rates changing over time.
