2024-05-21 Rial Omani News
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The dataset covers the period from 2024-05-20 00:00:02 to 2024-05-20 23:55:02. It starts with an exchange rate of 3.53413 and ends with 3.54379. The initial examination of the dataset shows a generally increasing trend in the exchange rates over this period. This is evidenced by the fact that the last recorded exchange rate is higher than the first one. However, it was not a steady increase. The data reflects some fluctuations during the day, with some periods showing a slight lowering of rates before resuming the upward trend.
Seasonality and Recurring Patterns
An in-depth look reveals some patterns in the dataset. There are periods during the day where exchange rates tend to rise and periods where rates slightly decline. However, since this dataset only includes data for one day, care should be taken when extrapolating these patterns to other days. Seasonality trends would be more accurately identified with a dataset that spans over a longer timeline and includes more samples for each time of the day over different seasons.
Outliers Detection
With the given dataset, there might be a few instances of outliers where the exchange rate has a sharp rise or decline within a very short period. However, a statistical or graphical analysis would provide a more accurate identification of these potential outliers.
Given the single-day nature of the data, it appears that the trend and patterns identified are in part due to intraday trading characteristics and volatility, which are normal for most financial markets. Nevertheless, this analysis would be strengthened by considering external factors and having larger datasets spanning over multiple days and different periods.
