2024-05-22 Algerian Dinar News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analyzing this time-series dataset of DZD exchange rates, the following observations are made:
Overall Trend
The exchange rate has a slight, but not significant fluctuation across the period, with values mostly remaining within the range of 0.01012 to 0.01018. Broadly speaking, the rates remain relatively stable, with minor variations.
Seasonality
After analyzing the time series, no clear seasonality or recurring patterns are observed. The variations appear to occur somewhat randomly. This could be attributed to the nature of the financial markets, where rates are subject to a multitude of factors, many of which are unpredictable or occur randomly.
Outliers
No significant outliers are observed in this dataset. The exchange rates generally fall within a narrow range, without any dramatic spikes or drops. That indicates a rather steady market condition for the period under analysis.
It's worth noting that these observations are made under through a purely data-driven lens, without considering the impact of potential external events such as financial news, economic indicators, or market hours.
![May 2024 Consistency: Minor Fluctuations In DZD Exchange Rates](http://currencymart.net/images/news/algerian-dinar/2024-05-22/img-aSluXkvExPnWc0NW07YuaOBy.webp)