Algerian Dinar Forecast

Not for Invesment, Informational Purposes Only

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    Overall Trend of Exchange Rates

    Upon analyzing the provided data, it indicates that the exchange rate for the DZD remained relatively stable throughout the time period. The rate begins at 0.0101 and ends at a similar level of 0.01008. Although there are minor fluctuations in the rates across various timestamps, no significant increase or decrease trend can be observed.

    Seasonality in Exchange Rates

    Considering the seasonality in this dataset, there doesn't appear to be a clear recurring seasonal pattern for these exchange rates. Data in the short-term can suggest an intra-day pattern where rates could periodically fluctuate in a small range. However, due to the overarching stability of rates, these minor fluctuations don't conclusively prove a repeating, seasonal pattern.

    Notable Outliers

    Overall, the exchange rates demonstrate a high level of consistency during the provided timespan. Nevertheless, there are minute deviations from the general level, but these variances are small enough not to be considered significant outliers. They generally stay within the range of 0.01006 to 0.01012, suggesting a lack of any extreme fluctuation or shock within this timespan that would provoke an outlier scenario.

    Conclusion

    In summary, the significant observation from this exploration is the stability of the DZD exchange rate across the given time. There's no apparent upward or downward trend in the data, and the lack of clear-cut seasonal effects or noteworthy outliers further underlines the overall consistency in the exchange rates over this particular span of time.

Summary of Yesterday

  • 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 of The Exchange Rates

    **

    From the data, it can be seen that the exchange rate is relatively stable. Starting from 0.01008 at the beginning of the period, multiple gentle fluctuations can be observed, but overall the trend doesn't seem to stray far from that starting number. Toward the end of this time series, the rate returns to around 0.01008. Thus, we can say that over this specific period, the exchange rate exhibits a highly stable trend with minor fluctuations.

    **

    2. Identifying Seasonality or Recurring Patterns in The Changes of Exchange Rates

    **

    Given the data points provided, it is difficult to conclusively determine any seasonality or pattern in the dataset. Exchange rates are influenced by numerous factors, including economic indicators, political events, and market sentiment. Hence, more granular data with additional parameters might be required to effectively identify seasonal trends or recurring patterns with more confidence.

    **

    3. Noting Outliers in The Changes of Exchange Rates

    **

    The dataset indicates minimal volatility and features no significant spikes or dips, making it difficult to detect any drastic outliers just by manually examining the given data points. However, from what we can observe, there were no instances where the exchange rate differed significantly from the overall stable trend.

    In conclusion, while this specific analysis does not include impacts from external factors or forecasts for future rates, the data reviewed suggests that, within this period, the DZD exchange rate remained mostly stable with minor fluctuations, demonstrating no clearly identifiable recurring patterns or outliers.

    For more detailed insights or forecasting, further analysis incorporating a larger dataset and perhaps additional influencing factors would be beneficial.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

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

    Understanding the Overall Trend

    Based on the data provided, it can be observed that the DZD exchange rate from 2024-02-26 00:00:02 to 2024-02-26 23:55:02 shows a relatively steady rate with a slight increase. The exchange rates mostly range from 0.01003 to 0.01006. The rate does not exhibit any large fluctuations or significant jumps. The data suggests that there is a general stability in the exchange rates.

    Identifying Seasonality or Recurrent Patterns

    Seasonality or recurrent patterns are exhibited when data oscillates in a consistent pattern over a specific period. In the provided dataset, there appears to be no clear seasonal pattern. Exchange rates show minor fluctuations but remain within a very close range. This could suggest that the market is relatively stable, without any drastic changes over time. It's important to note though, that this analysis is limited to a single day, and a longer timeframe might reveal more significant patterns.

    Noting Outliers

    Outliers are data points that significantly differ from other observations. An aberration in exchange rates could be due to extraordinary events triggering irregular trading activity. However, according to the dataset provided, there are no discernible outliers with a significant deviation from other values. The exchange rate remains within a narrow range. This suggests a uniformity in the market's trading activity and decreased volatility.

    Please note that the analysis is limited to the data provided and does not take into account external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These could have an effect on the observed stability. And although no forecast for future rates was made here, such considerations would be crucial for forecasting.

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

    Below is the comprehensive analysis of your dataset based on the goals you have defined.

    1. Understanding the overall trend of the exchange rates

    Overall, the exchange rate shown in the dataset remains relatively stable within the range of 0.00990 and 0.01010. There are slight fluctuations in the rate, but the range remains within 0.00020. This stability suggests that the currency is not experiencing significant volatility during the reviewed period.

    2. Identifying any seasonality or recurring patterns in the changes of exchange rates

    The dataset does not appear to show any apparent seasonality or recurring patterns in the exchange rates. The changes in exchange rates do not follow a particular pattern on specific dates or times. It would be beneficial to have a more extended dataset to confirm any potential seasonality truly.

    3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.

    The dataset doesn't seem to contain any substantial outliers. Any changes in exchange rate present in the dataset fall within the typical range for this currency pair. In other words, all the fluctuations appear to be normal market changes and don't significantly deviate from the overall trend.

    Remember that exchange rates can be influenced by various factors, including monetary policy, economic indicators, and global events. Although this analysis excludes external factors as requested, considering such factors can further enrich the understanding and prediction of exchange rate behaviors.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    Overall Trend of the Exchange Rates

    From the given data, it is observed that the exchange rates are relatively stable over the observation period. The rate hovers around the 0.0100 to 0.01007 mark. There are minor fluctuations on a day-to-day basis with the highest value seen to be 0.01007 and the lowest value being 0.01001. However, the difference is minimal and doesn't portray a clear increasing or decreasing trend.

    Seasonality and Recurring Patterns

    As for seasonality or recurring patterns, given that the data spans over few days and that there aren't significant fluctuations, it is difficult to establish a strong case for seasonality. As the difference between the highest and lowest points are insignificant, there are no prominent up and down patterns that would usually indicate day to day or intra-day seasonal trends.

    Notable Outliers

    Given the stability of the exchange rate over the period, there are no significant outliers or spikes that represent immediate abnormalities or significantly different data points in the given dataset. The rate stays within a minimal fluctuate range.

    Summary

    • The exchange rate is stable with small fluctuations.
    • A clear trend of increase or decrease in the exchange does not seem to be present.
    • No distinct seasonality or recurrent patterns can be identified from this data set.
    • There are no significant outliers in the given exchange rate data.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    Overall Trend of DZD Exchange Rate

    Upon analyzing your data, it indicates that the trend of the exchange rate is generally stable throughout the observed date which is 2024-02-23. However, the value slightly fluctuates between 0.01001 and 0.01006 over this period. There's no evident indication of a constant increasing or decreasing movement in the exchange rate throughout the period.

    Seasonality and Recurring Patterns

    Given the data for 24 hours of a single day, it is challenging to derive any seasonal trends as these usually become evident over a larger time frame that includes multiple terms of the underlying seasonal pattern, for instance, monthly or quarterly data for several years would be needed to assess seasonality. However, the slight fluctuation in the exchange rate, as evident in the data, may possibly reflect hourly patterns, as minute variations are observed every few hours but these remain within a tight range.

    Outliers in the Exchange Rate

    There do not appear to be any significant outliers in the exchange rate data provided. The exchange rate remains between 0.01001 and 0.01006. A significant outlier would be an exchange rate that breaks this range by a significant amount. This suggests that the exchange rate was relatively stable during this specific day.

    Without considering external events such as market opening/closing, economic news, and holidays, this analysis provides a basic overview of the exchange rate behavior on this specific day. Please note that for a more in-depth and accurate assessment, a much broader dataset considering multiple variables would be required. Moreover, financial data is notoriously noisy and volatile, and thus might contain random variations that may seem like patterns but are in fact just coincidences.