2024-04-22 Algerian Dinar News
2024-04-21
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
1. Overall Trend of Exchange Rates
The data provided represents the exchange rates from 22nd March 2024 to 19th April 2024. The exchange rate demonstrated a trend with minor fluctuations and a general increase. The lowest point of the rate (0.01002) was recorded on 4th April 2024, and the highest point (0.01026) was noted on 16th April 2024. Spatial fluctuations suggest that the rates were not consistently stable, but exhibited slight volatility.
2. Seasonality and Recurring Patterns
The dataset does not span a sufficient duration to confidently identify traditional forms of seasonality, such as quarterly, monthly, or weekly patterns. However, within the dataset's limited timescale, no recurring pattern was noted. The minor fluctuations seem to occur sporadically, rather than periodically or in a cyclical manner.
3. Outliers and Significant Variations
The most significant variation in exchange rates occurred between 10th April 2024 and 12th April 2024. The rate increased from 0.01007 to 0.01021, which is a relatively substantial increase given the minor fluctuations throughout the rest of the dataset. This could suggest an outlier or a substantial event affecting the exchange rates, but additional data or context would be needed to confirm this.
It is also noteworthy to mention that the general increase in the exchange rate after 8th April 2024 could signify a shift in trends. However, since this is towards the end of the dataset, it is unclear whether this rising trend sustains longer or it was a temporary rise.
In conclusion, although the dataset does not provide detailed long-term insights into the performance of the currency exchange rates due to the relatively short duration of data, it provides valuable insights into the short-term behaviour, fluctuations and trends of the exchange.