2024-05-13 Rial Omani News

Summary of Last Week

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

Statistical Measures

  • Mean:
  • Standard Deviation:


1. Overall Trend of Exchange Rates

The overall trend of exchange rates appears to fluctuate between the values of approximately 3.547 to 3.588, representing a balanced behaviour of rate stability and volatility over the provided period. There is no decisive upward or downward progressive trend, indicating the rates are relatively stable although they do show subtle peaks and valleys.

2. Seasonality in Exchange Rates

There is no clear pattern of seasonality or cyclic behaviour observed in the dataset. There are some general fluctuations in the exchange rates but their occurrence doesn't form a repeated or predictable seasonal pattern. It would seem the determinants of these rates are more random or due to factors not evident in the data.

3. Outliers in the Data

At a quick observation, there are no significant outliers, or rates that differ from the usual rates to a significant extent. The rates fall within the range of 3.547 to 3.588. There may be instances of minor increases or decreases, but they do not differ profoundly from the observed range within the dataset for them to be labelled as outliers.

In conclusion, it would seem that the exchange rates are stable with slight fluctuations within a specific range. There are no glaring repetitive patterns implying seasonality or any significant outlier in the dataset.

tainty The Omani Riyal (OMR) exchange rates have been witnessing unpredictable highs and lows over the past month, creating a sense of market instability and uncertainty in the global economy. Historical time-series data from April 12 to May 10, 2024, reveals a fluctuating pattern in the value of the riyal. Starting with a value of 3.56476, the currency soared, reached its peak on April 16 at 3.59251, before undergoing intermittent oscillations, culminating in a fall to 3.55136 on May 10, 2024. These ongoing fluctuations in the OMR exchange rates reflect the complex interplay of global economic conditions, domestic reforms, economic uncertainties, and geopolitical tensions which have collectively defined the dynamic global foreign exchange market. In addition to the typical market factors, experts point to the ongoing trade negotiations as well as potential policy changes in significant economies, which could be exerting an impact on investor sentiment, thereby influencing currency exchange rates to a great extent. A reflection of these changes is clearly visible in the volatile pattern exhibited by the OMR over the past month. While the ongoing fluctuations might signal uncertainty, they also offer lucrative trading opportunities for those who can accurately predict and respond to these rapid shifts. Currency exchange rates constitute one of the most critically watched economic indicators, with implications for international trade, investment, tourism, and the valuation of domestic and foreign assets. In spite of the volatility observed in the OMR exchange rates, many analysts believe that this is merely a transitional phase for the currency. According to them, once the uncertainties clear up and the geopolitical tensions ease, the OMR is likely to stabilize. Although when exactly this will occur is a matter of speculation, market observers watch the currency''s dynamics closely, making educated predictions about its future path. In such unpredictable market conditions, investors are urged to remain vigilant and flexible, adjusting their strategies based on the latest data and market trends. Furthermore, insights from financial experts and updates on global and domestic economic conditions are more critical than ever for investors to navigate through the tumultuous financial market. Looking forward, it''s important to keep an eye on major global economic events and trends, such as trade negotiations, policy changes, inflation rates, and financial market developments. These factors will continue to influence the OMR''s value and the global exchange rates. The coming weeks will be crucial in determining whether the market predictions of eventual stability in the OMR exchange rates come to fruition. As always, understanding financial data and its implications will play a vital role in decision-making processes.Rise and Fall of OMR Exchange Rates Lead to Market Uncertainty

Current Middle Market Exchange Rate

For information purposes only.