2024-05-10 Saudi Riyal News
2024-05-09
Summary of Yesterday
- 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 the exchange rates
Upon examining the provided dataset, it is clear that there is a general decrease in the value of the SAR exchange rate over the time period stated in the data, with a few minor fluctuations observed in between. The rate fluctuated between a high of 0.3663 to a low of 0.3646. However, it is to be noted that the decrease was gradual and not very significant, suggesting a relative stability in the rates.
Identifying any seasonality or recurring patterns in the changes of exchange rates
As it is time-series data with high frequency (every 5 minutes), a clear pattern or seasonality is not easily observed in the short period. We can see that there are some slight increases and decreases throughout the period, but there is no clear cyclic pattern observed, such as a consistent increase or decrease each day or at certain times. More data would be needed and perhaps over a longer time period to better analyze for any seasonality or recurring patterns.
Noting any outliers, or instances where the exchange rate differs significantly
Reviewed from the given data, the exchange rate of the SAR remained relatively stable throughout the timeframe, varying within a small range. As such, there does not appear to be any significant outliers in the provided data. Any changes in rates are relatively minor and do not stand out significantly from the overall observed trend.
