2024-04-22 Danish Krone News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
The data provided spans from 22 March 2024 to 19 April 2024 for the exchange rate of DKK. An analysis of the DKK exchange rates shows a notable level of volatility with periods of both increases and decreases. The rate started at approximately 0.19696 on March 22 and closed at approximately 0.19620 on April 19. However, there is no clear indication of a steady increase or decrease over the entire period. Instead, the rates seem to fluctuate based on the day and time.
Seasonality or Recurring Patterns
Given the provided data, it's difficult to discern any sure seasonality or recurring patterns within a month from the DKK exchange rate data. However, certain days appear to show more fluctuation than others. This could be due to a variety of factors including market activity and international financial news which would require a more in-depth study.
Identification of outliers
Outliers in this dataset can be hard to detect due to the short timeframe and the number of data points provided. However, some higher-than-normal increases and decreases can be noticed throughout the time series. These can be particularly seen during high market volatility hours. To give a concrete observation on outliers, statistical analysis over a longer timeframe and multiple variables would provide a more robust answer.
Please note that this analysis is a high-level overview and does not provide deep insights without a robust statistical analysis tool or model. Also, geopolitical events, monetary policy announcements, and economic indicators have not been factored into this analysis which can greatly influence exchange rates.
