2024-05-15 Algerian Dinar News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
Upon examining the provided dataset, the general trend in the exchange rates seem to be fairly stable. The majority of the data points show an exchange rate of around 0.01016 to 0.01019. There are fluctuations from this range, but they are not substantial enough to form a clear increasing or decreasing trend. Therefore, the exchange rates can be characterized as generally stable during the observed period.
Identifying any seasonality or recurring patterns in the changes of exchange rates
In terms of seasonality or recurring patterns, it appears that no apparent seasonality exists within this dataset. The exchange rates do oscillate across the day, but there is no clear pattern repeating at regular intervals that would suggest a seasonal influence. Therefore, the data is characterized as aperiodic.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected
The dataset seems to be mostly consistent with its overall trend. However, there were a few instances of the exchange rate dropping to 0.01013 and 0.01014. Given the majority of the values hover around 0.01016 to 0.01019, these instances are considered as outliers. However, it is crucial to remember that these outliers do not necessarily imply a problem. Variability is common in financial data, and these outliers could merely be the result of normal market fluctuations.
Key Notes
- The exchange rates have remained fairly stable over the time period under review.
- There is no distinct seasonality or recurring patterns observed in this dataset.
- A few outliers have been noticed where the exchange rate dipped slightly below the normal range, likely due to regular market movements.
Please note, these insights are generated based purely on historical data provided and do not consider external influences or future predictions.
![DZD Exchange Rate Witnessed Microscopic Fluctuations for 24 Hours](http://currencymart.net/images/news/algerian-dinar/2024-05-15/img-Ws17a5kPqvqW0UFCSjY1AHoM.webp)