2024-04-22 Saudi Riyal News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend of Exchange Rates
Looking at the dataset, the overall trend of exchange rates from 2024-03-22 to 2024-04-19 is generally stable with slight fluctuations. There's no clear trend of either an increase or a decrease in exchange rates over the entire period shown. Instead, the exchange front goes through a series of minor ups and downs. The SAR rates range approximately between 0.359 and 0.368, with no sharp increases or drops noted. Thus, we can conclude that during this period, the exchange rates remained relatively stable.
Identifying Seasonality or Recurring Patterns in Change of Exchange Rates
From the given dataset, it is difficult to identify any clear seasonal or recurring patterns in the change of exchange rates. As this data only represents around one month of exchange rate data, identifying a seasonal pattern requires data for a larger time-frame, typically a year or more. Furthermore, recurring patterns, such as a particular trend repeating every few days or weeks, also look non evident due to the relative stability of the rates over the period observed.
Noting Outliers in Exchange Rates
An outlier can be defined as an observation that lies an abnormal distance from other values. In the provided dataset, there don't appear to be values that could be deemed outliers. All the exchange rates fall reasonably within the same range. However, a more in-depth statistical analysis could provide better insights on whether there are significant outliers. From a high-level review of the data, it seems the exchange rates all fall within an ordinary range, following a relatively normal distribution with no significant outlier.
Please note that these observations are solely based on the dataset provided and don't take into account the impact of external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
