2024-05-10 Rial Omani News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis :1. Understanding the Overall Trend of The Exchange Rates:
After observing the provided data, the overall trend seems moderately volatile. The range of the OMR exchange rate varies from approximately 3.554 to 3.568. The trend seems to fluctuate within this range over the period, without demonstrating a consistent increase or decrease. Therefore, the rate seems relatively stable overall.
2. Identifying Seasonality or Recurring Patterns:
This dataset provides periodic timestamps for each row, allowing us to analyze the existing patterns. However, identifying seasonality or recurring patterns through time series data would require more complex methods, typically ranging from autocorrelation analysis (ACF/PACF) or Fourier transformations to identify any periodical patterns, or more advanced machine learning methods. With just raw data, it's tough to pinpoint any precise patterns or seasonality. It might not even be there - exchange rates are subject to a broad range of influences including economic indicators, geopolitical events, and market sentiment.
3. Outliers:
Reviewing the row values, the majority of times, the exchange rate fluctuates within close quarters. However, there are occasions where there are significant "jumps" in rate value. For example, between timestamps '2024-05-09 04:00:02' and '2024-05-09 04:05:02', the rate jumped from 3.56743 to 3.56768, showing a significant change within a small amount of time. Therefore, while such "jumps" do not necessarily qualify as outliers, they do represent a significant uncertainty in the rate change.
![OMR Exchange Rates Showcase Fluctuation Amid Uncertainty](http://currencymart.net/images/news/rial-omani/2024-05-10/img-rnubR1dgNqDxba04A6TvKP2z.webp)