Pakistan Rupee 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

    1. Overall Trend of the Exchange Rates

    Looking at the provided dataset, the overall trend of the exchange rates is pretty stable. The exchange rate seems to be hovering around the 0.00487 - 0.00491 range. Specifically, it starts at 0.00487 and has slight fluctuations throughout the period, generally remaining within the previously mentioned range, until it ends at 0.0049.

    2. Identifying Seasonal or Recurring Patterns

    In terms of seasonality, there aren't apparent monthly or weekly patterns based purely on this dataset. However, minute fluctuations in the exchange rate can be observed. The dataset exhibits more of a random walk pattern rather than a clear cyclical pattern, but further analysis would be required for a more definitive answer.

    3. Noting Any Outliers

    There aren't significant outliers in this dataset. Exchange rates remain within a very tight range, with no exceptions. However, we do observe very slight increases around the 06:20 timestamp and the 20:05 timestamp, where rates increase to 0.00491, but these could simply be part of the normal rate fluctuations rather than true outliers.

    Note: Any actual significant change in exchange rates may be due to factors not included in the dataset. Therefore, it's important to consider outside influences when carrying out practical analyses.

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 Exchange Rates

    From the data provided, the PKR exchange rate seems to be quite stable from 2024-02-28 00:00:02 until 2024-02-28 02:25:02, maintaining a consistent value of 0.00489. After that point, we see a slight increase in the rate to 0.0049, which is then held steady until 2024-02-28 06:20:02. The rate then dips to 0.00487 till 2024-02-28 06:20:02 and is maintained until 2024-02-28 07:40:02, where it slightly decreases to 0.00486. After fluctuating between 0.00486 and 0.00487, the rate both increases and decreases again within the range of 0.00486 - 0.00488. This suggests that the exchange rates have been relatively constant with minor fluctuations.

    Identifying Seasonality or Recurring Patterns

    There does not appear to be any clear seasonality or recurring patterns in the data provided. The rate fluctuates within a narrow band. There are no apparent cycles of ups and downs that repeat over a specific period. While the data does exhibit some degree of volatility, this appears to be fairly random and non-cyclical. It should be noted that exchange rates are influenced by a complex array of factors, and the presence of unpredictable events can often disrupt any patterns that might otherwise exist.

    Observing Outliers in the Data

    There do not appear to be any significant outliers in the data provided. None of the rates deviate substantially from the running average or from the rates immediately before or after. An outlier would be a rate that is significantly higher or lower than the rates that come before and after it, which is not evident in the provided dataset.

    Influence of External Factors

    While external factors such as market opening/closing times, weekends/holidays, release of key financial news, and reports were not considered in this analysis, they can have a significant impact on exchange rates. Financial markets are sensitive to new information and their opening and closing times generally correspond to high activity periods. Similarly, days when financial news or reports are released can also see increased volatility in rates. However, without specific knowledge of when these events occurred in relation to the provided data, it is not possible to quantify their impact on exchange rates within this dataset.

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

    Overall Trend Analysis

    From the provided dataset, the exchange rates seem to settle around the value of 0.00483 to 0.00484. Very minute fluctuations can be observed, however, the overall trend seems to be relatively stable. There is no significant increase or decrease in the rates over the time period shown. A majority of the time the exchange rate is 0.00483, occasionally rising to 0.00484.

    Seasonality and Recurring Patterns

    A thorough analysis doesn't show any clear, repeating patterns or seasonality in the exchange rates based on the timestamps provided. The data seems to have no relation to certain hours of the day or specific time blocks. The data appears to be fairly random, bordered between the values of 0.00483 and 0.00484. That being said, with the slice of data provided, it would be more accurate to say that no concrete conclusions about seasonality or recurring patterns can be drawn.

    Outliers and Deviations

    The data appears to be quite consistent with no significant deviations or outliers. There are no instances where the exchange rates differ significantly from the general trend range of 0.00483 to 0.00484. This suggests that the PKR exchange rate was relatively stable during this particular timeframe.

    Note: This analysis is purely based on the numeric data provided and does not factor in any external considerations such as market hours, holidays, or significant financial events.

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 the exchange rates

    Analyzing the data, it suggests that the overall trend in PKR exchange rates during the given period is mostly stable. There are minor fluctuations, but they do not indicate a significant upward or downward trend in the exchange rate. In most cases, the variations in the data stay within a small range.

    Identifying Seasonality or Recurring Patterns

    Identifying clear seasonality or recurrence in the given time series data is challenging since the changes over time are subtle. However, it can be observed that there is a minor repetitive pattern where the PKR exchange rate goes slightly up and down regularly within a short timeframe, indicating a possibly daily pattern related to the opening and closing of the foreign exchange markets. This, however, needs further investigation with a larger dataset for confirmation.

    Noting Outliers

    By evaluating the given data, it is noticed that there are no significant outliers in this dataset. Generally, the exchange rate fluctuates within a close range, and there isn't any data point that significantly deviates from this range. On a different note, it is important to understand that although there might not be significant outliers in this dataset, financial markets are susceptible to unexpected events which could create significant deviations or outliers in a dataset.

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 Exchange Rates

    Upon evaluating the given dataset, it is observed that the overall trend of the exchange rate (PKR) shows slight fluctuations but primarily remains stable. The rate begins at 0.00483 and ends at 0.00483. During this period, the highest observed rate is 0.00488, and the lowest is 0.00481. A slight increase in the rate is noticed at around 2024-02-19 and 2024-02-20, but this increase does not seem to represent a continuing trend as the rate decreases back to its initial value shortly after.

    2. Identifying Seasonality or Recurring Patterns

    The dataset isn't enough to provide strong insights into seasonality or recurring patterns. This might be due to the lack of any significant variation in data over time making it difficult to predict any daily, weekly or monthly trends in the PKR exchange rate. However, the slight increase in the rate observed periodically could potentially represent a recurring pattern, the validity of which would need to be confirmed through further and more detailed longitudinal analysis.

    3. Noting any Outliers

    Concerning outliers or instances where the exchange rate deviates significantly from expected rates based on trend or seasonality, none can be clearly identified in the given dataset. The most noticeable variances occur at the points of 0.00488 and 0.00481. However, these data points do not deviate significantly from the majority of the recorded rates, constraining our ability to categorize them as legitimate outliers. This signifies a relative stability in exchange rate without dramatic spikes or drops.

Summary of Yesterday

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

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    Before diving into the analysis, note that the data run from February 23rd, 2024, to the same day, parsed every 5 to 15 minutes. It appears there are no missing records or time gaps larger than 15 minutes.

    1. Overall Trend of the Exchange Rates

    Based on the provided dataset, the PKR exchange rate remained relatively stable over the observed period. It starts at 0.00481, and after several hours it slightly escalates to 0.00483. However, the exchange rate changes are not significant and no clear increasing or decreasing pattern can be perceived. What stands out is the consistency of the exchange rate, which seems to be fluctuating within a very narrow range.

    2. Seasonality or Recurring Patterns

    Regarding the seasonality or recurring patterns in this dataset, it's hard to draw definitive conclusions given the short timeframe. The data provided only covers slightly more than a day, and currency exchange rates usually require more extended periods to observe seasonal effects - typically months or years.

    3. Outliers

    With regard to outliers, the data seems very consistent in this regard as well. The minimum value recorded is 0.00481 and the maximum is 0.00483. All data points fall between these two values. The changes in the rate during this period can be considered typical fluctuations in a forex market and no value can be qualified as a significant outlier.

    In summary, the exchange rate of PKR during the observed timeframe remained largely stable with little fluctuation. No distinctive trends or seasonality are evident with this dataset.