2024-05-17 Rial Omani News
2024-05-16
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 Trend of Exchange Rates
The general trend of the exchange rates over this period appears to be an upward movement. The OMR exchange rate starts at approximately 3.53574 and ends around 3.53997, indicating an overall increase. As the data progresses, it shows a general tendency towards a higher rate. However, this increase is not linear. The rate has its ups and downs but manages to maintain an upward trend.
Seasonality or Recurring Patterns
The dataset does not evidently show a recurrent or a seasonal pattern. This conclusion is drawn from data which displays variable increases and decreases with no clear consistency or repetition. The absence of seasonality might indicate that these exchange rates are more likely influenced by unpredictable, random events rather than time-dependent factors. It's crucial to note that a more advanced statistical analysis might be required to reveal hidden patterns not immediately visible through a general observation.
Outliers Observation
Without statistical analysis, identifying exact outliers is challenging. However, minor sudden increases and decreases - such as the decrease from 3.54158 to 3.54104 at around 06:00 on 2024-05-16 - could be considered potential outliers. This kind of distinguishable instances occur where the exchange rates differ significantly from the neighbouring data points. Still, these would need to be confirmed by a thorough statistical outlier detection technique to make sure they are genuinely anomalous.
In summary, the OMR exchange rates have displayed an increasing trend over the period provided, with no clear seasonality and with potential existence of outliers. However, it's important to remember this analysis is quite basic and doesn't take into account numerous factors that could influence these rates.
