Significant Fluctuations Witnessed in SAR Exchange Rates Over 24 Hours
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2024-05-13
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
1. Understanding the Overall Trend
When analyzing hourly data over the course of one day (13th May, 2024), it seems that the SAR exchange rate subtly fluctuates within a rather narrow range. The highest rate observed during this day was approximately 0.3649, while the lowest rate recorded was around 0.36432. This indicates a minor downward trend within this specific day.
2. Seasonality or Recurring Patterns
The time-series data provided does not cover a sufficiently long time period or have the right intervals to detect seasonality or recurring patterns. A broader time series data spanning several weeks, months, or years, including every minute/hour/day/week data, would provide a more suitable data set for detecting such patterns.
3. Outliers
Scanning through the data, there does not appear to be any significant outliers. This is likely due to the short time frame covered by the data. Over a longer time scale and with larger amounts of data, it would be possible that some outliers could occur due to unexpected market events or news. However, based on the one-day data provided, the rate fluctuations stay within a tight range.
Please note, for a more in-depth analysis, it would be beneficial to apply statistical methods or use visualization tools to show the distribution and identify any outliers or anomalies. Also, external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports can have substantial impacts on exchange rates and should be considered in a broader analysis.
![Significant Fluctuations Witnessed in SAR Exchange Rates Over 24 Hours](http://currencymart.net/images/news/saudi-riyal/2024-05-14/img-QOjz4y9KAyXZOXzbcTszmRIR.webp)