2024-05-16 Algerian Dinar News
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2024-05-15
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
From the data referred, it looks like the DZD exchange rates represented are fairly stable throughout the timestamps. There is a minor fluctuation in the range of 0.01012 to 0.01017. Though there is a slight decreasing trend observed at the tail end of the data, it does not significantly affect the entire time span. More data might help affirm whether this is, in fact, the starting of a decrease or just minor fluctuation.
2. Identifying recurring patterns
No clear seasonality or recurring patterns can be discerned from the given sample of data. The values seem to oscillate within a small range, however, any specific recurring pattern over time is not identifiable. Again, a larger and more diverse data set might be needed to do a meaningful seasonality analysis.
3. Outliers
No major outliers are observed in this data set. All the DZD rates are within the range of 0.01012 to 0.01017, which is a very close-knit range, and no single data point would be considered significantly different based on the data given. It is good to see the exchange rates remaining stable which indicates a well-balanced financial system.
Please note that this analysis purely is based on the provided data and does not consider external economical or financial factors that might impact the exchange rates. Future rates predictions would require an extensive analysis involving various other factors and a larger data set.
![Unwavering DZD Exchange Rate Poses Questions for Market Future](http://currencymart.net/images/news/algerian-dinar/2024-05-16/img-jrRi7UVTpRSyoGycwxmLHrxW.webp)