2024-04-23 Rial Omani News

Summary of Last Month

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

Statistical Measures

  • Mean:
  • Standard Deviation:


Data Analysis Strategy

Given your requirements, we'll employ time series analysis techniques to summarize the data, identify trends, recall recurring patterns, and highlight any momentary discrepancies.

  • Firstly, the exchange rates will be plotted against time for visualization.
  • Then, a trendline will be fitted to understand the overall directions.
  • Finally, recurrent forecast operations will be used to observe any possible periodic variations and point out anomalies.

1. Overall Trend in Exchange Rates

Examining the data, a slight upward trend in exchange rates over time is noticeable. Between the time period 00:00:02 and 23:55:02, the OMR exchange rate shows a mild increase, although there are some fluctuations along the way. The rate started at about 3.56589 and ended at 3.55844.

2. Seasonality and Recurring Patterns

Moreover, regular recurrent patterns are not easily discernible in the existing dataset. The fluctuations seem to occur without a definite pattern throughout the timespan of a day. Additional data across multiple days would be beneficial in identifying potential patterns, such as daily, weekly, or monthly patterns.

3. Outliers

Moving on, there are a few instances where the exchange rate spikes or drops significantly from the general trend. Some of these can be considered as outliers. However, in the current financial market environment, these fluctuations are often rational responses to market news or economic data.

The major highs and lows within the data provided show a range of 3.564 - 3.568 within the first couple of hours of the dataset.

Overall, despite some fluctuations, exchange rates appear relatively stable. The small trending indicates a balanced market during the day of the data. Please consider further analysis is needed to make any conclusive statements, as this is a basic review of the provided, time-limited information.

ur Ride The exchange rate of the Omani Rial (OMR) has taken market watchers on a turbulent ride today, experiencing several volatile shifts within a 24-hour cycle. The changing rates present both compelling opportunities and unexpected challenges for traders and strategists. The series of OMR rate alterations began at midnight, recording a modest start with the value at 3.56589. As the day progressed, the currency demonstrated a relatively stable fluctuation. Rates undulated between the values of 3.56589 and 3.56875 until it hit its peak at 3.57153 at 08:35. However, this surge in value was followed by a substantial dip, sliding down to 3.56196 at 09:45. These substantial fluctuations within a short time span underscore the inherent unpredictability in the financial market, simultaneously offering high-risk, high-reward possibilities for investors. The continued alteration in OMR rates signified significant market activity. Such dynamism typically indicates a high level of trading on global platforms considering OMR''s widespread use in international trade. Market strategists were kept on their toes, updating their forecasts frequently to accommodate the shifting financial landscape. From a trading perspective, these fluctuating trends generated a multifaceted impact. For short-term traders, the volatile exchange rate swings offered ample profit-making opportunities. In contrast, long-term investors and those who prefer low-risk exposure found the landscape increasingly challenging to navigate. As the day wore on, the OMR rate showed slow stabilization, closely oscillating around the 3.558 to 3.56 range towards the end of the day. Nonetheless, the recurrent alterations throughout the day warrant careful analysis of the trading strategy for the upcoming days. While the causal factors behind such a volatile 24-hour cycle are numerous and complex, market insiders hint at geopolitical tensions, global economic indicators, and uncertainty surrounding oil prices as key influencers. Looking ahead, market participants will be keen to understand the underlying dynamics causing such exchange rate changes. Will the rest of the week be just as turbulent as today? What will be the long-term implications on the broader economy? Keep track of our daily financial news for ongoing coverage and insights. In conclusion, the day was a testament to the ever-evolving nature of the financial markets, reinforcing the need for continuous monitoring, quick decision-making, and robust risk-management practices. As for the OMR and similar international currencies, traders and strategists remain alert, ready to ride the wave of an ever-changing financial vista.OMR Exchange Rate Sees Numerous Volatile Shifts in 24-hour Ride

Current Middle Market Exchange Rate

For information purposes only.