Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
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.