2024-05-14 Danish Krone News
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2024-05-13
Summary of Last Month
- 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
An initial look at the data indicates a slight increase in exchange rates over the period under analysis. Starting at 0.19752, the exchange rate shows gradual increments, achieving its peak at 0.19800, before slightly declining and settling around the rate of 0.19778 by the end of dataset provided. The overall upward movement, albeit small, depicts a trend of appreciation for the currency denoted in the dataset.
Seasonality or Recurring Patterns
In this dataset, no clear seasonality or recurring patterns are observed at first glance. The currency seems fairly stable, as there are no major fluctuations in its value throughout different times of the day. However, a more detailed, possibly hourly or weekly, analysis could reveal more specific patterns, particularly if we take into account normal business hours or specific days of the week where a higher volatility might be expected.
Identifying Outliers
The dataset doesn't seem to feature any significant outliers in terms of exchange rate. The currency remained mainly within a very narrow band throughout the period under examination. This reflects the relative stability of the currency. More significant fluctuations, if they exist, could potentially be located with a deeper analysis. Nonetheless, based on the provided dataset, the changes in the exchange rate were mostly subtle.
In conclusion, the provided DKK exchange rates dataset depicts a stable yet slightly appreciating currency with no apparent seasonal patterns observed. No significant outliers were found within the data. However, a deeper analysis over a more extensive time frame, or breaking down the data into smaller units like hours or days, could provide a better understanding of the underlying trends.
![Minor Fluctuations Observed in DKK Exchange Rates Throughout the Day](http://currencymart.net/images/news/danish-krone/2024-05-14/img-AKkZR40c7nMdD7rsCrZw8wvj.webp)