2024-04-18 Danish Krone News
2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Your dataset consists of timestamps for each period and the corresponding values for the DKK exchange rate in each of those periods. The comprehensive analysis aims at breaking down these data points and providing some insights in following aspects:
1. Overview of Trends
The general trend of the dataset seems to be relatively stable. While the value fluctuates slightly, it ranges typically between approximately 0.1966 and 0.1971. There is no clear overall upward or downward trend. The data is oscillating around this narrow range which indicates a relatively steady exchange rate within the provided time frame. This trend was consistent across the time series, suggesting that the rate was generally stable during this period.
2. Seasonality
The data provided does not seem to display any clear seasonality or recurring patterns in the changes of exchange rates. There are no signs of predictable fluctuations at regular intervals, which would be expected in seasonal data. The lack of observable patterns of volatility at specific times suggests that other factors apart from time may be influencing the exchange rate.
3. Outliers
Given the small range of exchange rates throughout the dataset, it is not possible to point out any significant outliers or instances where an exchange rate deviates greatly from the existing trend, based solely on this dataset. The rates consistently swing within a narrow band, which suggests that there are no instances of extreme volatility that significantly diverge from the overall behavior of the dataset. Such stability makes it difficult to identify any particular point as an outlier just by looking at the fluctuations in the dataset.
Limitations
It is important to note that the analysis is based only on the given dataset and without taking into consideration any specific event or external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports which could have a significant impact on the exchange rates. Moreover, no forecasting of future rates is made in this analysis.