2024-04-18 Saudi Riyal News
2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Comprehensive Analysis of SAR Exchange Rate Data
This dataset represents time series data for the SAR exchange rate from April 17th, 2024, at different timestamps. The exchange rate data is a continuous time-series data that reflects the fluctuation of value over time. Below are the findings from the data analysis:
Overall Trend of the Exchange Rates
The overall trend of the SAR exchange rate on this day seems to be slightly declining. The data started at a highest high of about 0.36888 and ended at a lower low value of around 0.36666. This downward trend suggests that the value of SAR was depreciating throughout the course of this day. However, it's worth noting that the changes in the rate are slight, pointing to a relatively stable exchange rate.
Seasonality or Recurring Patterns
With respect to seasonality or recurring patterns, the data does not seem to exhibit clear recurring patterns upon first glance. However, fluctuations in the exchange rate can often be influenced by a multitude of factors not included in this dataset, such as the opening and closing of foreign exchange markets around the world, economic news and reports, among others.
Outliers in the Exchange Rate Data
In terms of outliers or significant departures from the trend, no significant outliers stand out in this dataset. The exchange rate fluctuates within a relatively tight range without any major spikes or drops. The minimal range of variation reconfirms the general observation of a stable exchange rate throughout the period reflected in the dataset.
Given that this data only represents exchange rates on a single day, these trends and observations might not be representative of longer-term patterns in the SAR exchange rate. To conduct a more comprehensive and accurate analysis, it would be helpful to have data over a more extended time period and possibly incorporate additional variables that could affect exchange rates.
