2024-05-08 Afghani News
2024-05-07
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 rate
In the analysis of the provided data, there seems to be a relative degree of stability in the AFN exchange rate throughout the period. The rate starts at around 0.01891 and gradually increases to 0.01901. With that being said, the very slight uptick represents a modest growth in the perspective of financial analysis. Thus, a good description of the trend would be "overall pretty stable with a very slight uptrend".
Seasonality or recurring patterns in the changes of exchange rates
The AFN exchange rate experiences very minute fluctuations throughout the period, hence detecting significant seasonal or recurring patterns becomes a bit difficult. In general, there seems to be a consistency in the rates without drastic surges or drops, so it can be challenging to speak to major seasonal influences based on this data alone. However, by taking into consideration the time of the year or events happening within these dates, one might observe a pattern.
Outliers in the exchange rate
Throughout the periods shown in the data, there was remarkable stability in the AFN exchange rate, with very few moments of significant difference based on trend or seasonality. There are no credible outliers in the dataset if we consider the rate fluctuation between the range 0.01891 to 0.01935. However, the jump to 0.01928 and 0.01931 that occurs towards the 9th hour of 7th May stands out as a noticeable hike compared to other observations. It’s necessary to use more sophisticated statistical methodologies to ascertain if these are indeed outliers.