2024-05-10 Algerian Dinar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-09
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. Overall Trend Analysis of Exchange Rates
The overall trend of exchange rates (DZD) for the given timestamps has a slight fluctuation. They started at 0.01019 on 2024-05-09 00:00:02 and there was only a minor increase or decrease observed through different time frames. At certain times it reached at 0.01022 and fell back to 0.01016 by the end of day. Compared to the starting point, the rate at the end of the period (at 2024-05-09 23:55:02) had somewhat reduced to 0.01017. This presents a very slight decreasing trend. However, since time points represent an intraday scenario, the fluctuation of exchange rates can be considered as normal.
2. Seasonality or Recurring Patterns
No discernible seasonality or recurring pattern was observed in this dataset. This could be due to the small time frame of the dataset, as currency rates are known to fluctuate throughout the day. However, not all intra-day data might result in a seasonal pattern at this frequency. Longer periods may be required to identify patterns effectively.
3. Identification of Outliers
Examining the provided time-series for DZD, no significant outliers detected throughout the day. There is no instance where the exchange rate deviates drastically from prior trends or future patterns. All values from 0.01016 to 0.01022 fall within an expected range for a single day of exchange rates.
All in all, DZD shows relatively stable intraday rates for this selected day with only minor fluctuations. However, it's important to continually observe and evaluate these values on a long-term basis for more detailed and reliable insights.
![Consistency Marks DZD Exchange Rate as Predictability Defines Market](http://currencymart.net/images/news/algerian-dinar/2024-05-10/img-XhTDHBdFtRde4SkQvMa2oKG5.webp)