2024-05-13 Danish Krone News
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2024-05-12
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 in Exchange Rates
After analyzing the given time-series data, the overall trend observed for the DKK exchange rate from 12th April 2024 to 10th May 2024 is stable with minor fluctuations. The exchange rate at the start of the dataset is approximately 0.19648 and at the end of the dataset it is around 0.19742, which indicates a minor increase. However, throughout the timeline, the values largely oscillate within a similar range - approximately between 0.195 and 0.198 - suggesting that overall, exchange rates remain fairly steady during this period.
Seasonality or Recurring Patterns
Regrettably, it’s challenging to ascertain clear seasonality or recurring patterns from in the provided dataset. The typical time-period cycles often associated with financial data such as daily or monthly seasons, cannot be conclusively drawn from this month-long data. Further analysis with a larger dataset spanning multiple months or years could potentially reveal more about any seasonality in the exchange rates.
Identification of Outliers
No significant outliers are noted in the data. All observed exchange rates fall within the range of approximately 0.195 to 0.198, a relatively tight window. There are no instances where the exchange rate differs significantly from this range, indicating the data has negligible volatility. No unusual spikes or drops in the exchange rate can be noticed throughout the period.
![DKK Exchange Rate Volatility Raises Economic Questions Over Three-Week Period](http://currencymart.net/images/news/danish-krone/2024-05-13/img-4KRpncUzEdShf4XTPP2gCAHY.webp)