2024-05-09 Algerian Dinar News
2024-05-08
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 the exchange rates
From the given dataset, the captured exchange rate of DZD remains relatively stable over the period shown. It moves in a narrow band between 0.01019 and 0.01024. However, there are slight fluctuations within this narrow band. In many instances, the rate does seem to increase slightly to 0.01024 before falling back to its usual range of 0.01019 - 0.01022. This indicates a minor cyclic trend in a very stable exchange rate. In general, the trend of the DZD exchange rate can be categorized as a stable horizontal trend with minor fluctuations.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Looking at the timestamps closely, there is no clear seasonality in the exchange rates. The data does not show a repeated identifiable pattern for each day or at specific hours within the day. However, the slight cyclic trend of minor increases to 0.01024 then falling back to around 0.01019 - 0.01022 occurs multiple times throughout the period. But these fluctuations don't represent a standard pattern likely to repeat in the same manner consistently. Therefore, the dataset does not provide a clear seasonal component.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.
Within the given dataset, no severe outliers deviating significantly from the general trend are perceptible. The exchange rates remain within a very tight range throughout the entire period, and any slight variations can be attributed to normal market fluctuations rather than extraordinary outlier events. The absence of outliers further strengthens the perception of the DZD exchange rate's overall stability over the period provided in this dataset.