2024-04-26 Rial Omani News
2024-04-25
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 Exchange Rate Trend Analysis
After analyzing the dataset, it has been observed that the exchange rate exhibits a slight downward trend over the observed period. Meaning, the exchange rates slightly decrease over time. However, this should be checked for further statistical significance. This indicates that the local currency is gaining strength compared to OMR.
Seasonality and Recurring Patterns
Upon initial review, it doesn't appear that there is a clear seasonality or repeated patterns in this exchange rate dataset. However, a more in-depth statistical analysis might reveal weak seasonal effects not easily noticed in an initial review.
Outliers and Anomalies
There are few instances where the exchange rate witnessed a significant shift from the general trend direction. While this could be the result of different macroeconomic events, these occurrences can be treated as outliers in terms of this dataset.
It must be noted that this analysis is done without considering the specific time-based considerations such as market opening/closing hours, weekends/holidays, and the release of key financial news and reports which can have significant impact on the exchange rates. Also, the task was to review the historical trend and no future forecasts are being made based on this analysis.