Steady DZD Exchange Rate Encounters a Day of Subtle Fluctuations
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Firstly, we'll clean the data provided to confirm if it consists of regular intervals and if there are any gaps in the data. We'll then assess each of the elements specified.Understanding the overall trend of exchange rates
The exchange rates appear to follow a relatively stable trend over the given time frame. Detailed examination reveals only minute fluctuations, which are typical in active markets. The rate primarily revolves around 0.01014 and 0.01018, indicating a relative stability in the shorter term. However, the dataset provides insufficient data to establish a long-term trend or verify the consistency of this stability.
Recurring patterns and seasonality
Within the bounds of the provided data, no clear recurring patterns or seasonality can be observed. Any daily pattern seems to be minor and swallowed by the overall stability of the rate. To effectively observe seasonality, it would require hourly data over a more extended period. According to the provided data, the DZD exchange rate remains relatively unmoved even at different periods of the day.
Outliers in the dataset
Given the scale of fluctuations in the exchange rates, we could not identify any significant outliers in the provided data. The rates, from the highest at 0.01022 to the lowest at 0.01013, follow a predictably quiet pattern with no unexpected peaks or dips. This suggests a steady condition with little volatility during the dataset's time span.
It's crucial to remember that these findings are limited to the specific time span of the dataset, and ongoing monitoring would be required to keep track of imminent changes.