Subtle Yet Steady DZD Exchange Rate Surges Noticed Over Time
2024-04-18
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 Analysis of Exchange Rates
On observing the provided time series data, the change in exchange rates during the stated period seems fairly stable. A majority of the rates are clustered around the 0.01021 to 0.01026 range. There are no drastic increases or decreases within the dataset. This implies that over the given period, the exchange rates have remained fairly stable with minute fluctuations.
Seasonality and Recurring Patterns
As the given dataset is for a single day, it's difficult to identify seasonality or recurring patterns. Generally, for identifying seasonal changes, we would need data across multiple cycles – for instance, data for multiple years to identify yearly patterns or data for multiple months to identify monthly patterns. In this case, we mainly observe minute hourly fluctuations, but to identify a concrete pattern, we would need a larger time frame.
Outliers Identification
Considering the fact that our given range of rates is quite narrow and the values fluctuate within a very small interval, it is hard to definitively identify outliers. All rate changes appear to be within predictable range with no significant spikes or falls. This could be due to the stable economic scenario during this time period.
It's important to notice that financial data such as exchange rates can be influenced by numerous factors like geopolitical events, economic indicators, market sentiments and so on. As per the request, these factors are not considered in this analysis. This is a descriptive analysis based solely on the numerical values provided.
