2024-05-15 Danish Krone News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

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  • Standard Deviation:



The time-scale of the dataset provided spans from approximately midnight to midnight on May 14, 2024, in approximately 5-minute interval. The exchange rates represented are for the Danish Krone (DKK). The values oscillate between approximately 0.1976 and 0.19815, which shows some variability but no drastic shifts within the period.

Exchange Rate Trend

The exchange rate data doesn't show a clear increasing or decreasing trend over the day. Rather, it seems to fluctuate within a relatively tight range. The lowest recorded exchange rate value is 0.1976 which occurs several times at different points within the period. The highest value recorded is 0.19815. Overall, the exchange rate appears relatively stable within the period specified.

Seasonality and Recurring Patterns

The data does not cover a sufficient period to identify any definite seasonal or recurring patterns based on the time of the day or other factors. However, there seem to be regular minor upward and downward swings within a confined range, suggesting possible intraday volatility patterns. Further analysis across a more extended period should offer a clearer view of any such patterns.

Outliers and Unexpected Observations

No significant outliers or unexpected observations can be identified directly from the available dataset. The exchange rate values remain within a reasonable range, with no unexpected spikes or falls that diverge significantly from the overall trend. This suggests the presence of a relatively stable and predictable market condition for the DKK within the period under review.

Additional observations

Due to the limited scope of the dataset (covering only a single day), the broader trends and influences on the DKK exchange rate cannot be evaluated definitively. Exchange rates can be influenced by various external factors (e.g., macroeconomic indicators, geopolitical events), which are not considered in this particular analysis. Hence, caution should be exercised in generalizing this analysis beyond the specified time period.

ver the Day The Danish Krone (DKK) has experienced a gradual decline in its exchange rates through the course of the day on May 14, 2024, according to the time-series data examined. Despite slight fluctuations, the overall trend showed a decrease, suggesting that traders might be offloading the currency. The day started with an exchange rate just under 0.19780. As the hours rolled on, the currency experienced minor ups and downs—a normal phenomenon in the forex market—but the overall pattern leaned towards a decrease in the value of the currency. Initial fluctuations were subtle, with DKK reaching 0.19775 by 00:20 AM before appreciating slightly again. From 1:55 AM to 3:25 AM, there was a slow but steady fall to 0.19760, before the exchange rate started rising and peaking at 0.19780 at 5:55 AM. It''s worth noting that such changes aren''t unusual or indicative of long-term trends and are a part of regular market oscillations. However, as the day unfolded, a broader pattern of decline started to become apparent. By 7:35 AM, the DKK was trading at around 0.19765, and it dropped slightly more by 8:00 AM to reach 0.19763. From that point, further drops were observed throughout the morning and early afternoon sessions. Though there were periods of respite and minor recoveries, the overall trend remained downward. The exchange rate data, though indicative of a decline, must be interpreted rationally. The fluctuations were, although persistent, not drastic and thus should not cause panic among foreign exchange traders or investors. It’s also imperative to consider the general economic climate and geopolitical conditions surrounding these changes when formulating potential reasons for this downward trend. From an economic perspective, minor fluctuations such as these can be attributed to changes in interest rates, inflation, public debt, and economic policies. On this specific day, there were no significant international events or shifts in economic policies announced that could have instigated such a change. Currencies, including the DKK, are subject to volatility. The rate is influenced by a plethora of variables and can sometimes be unpredictable. Investors and traders are advised to consider these minor fluctuations as part of their risk management strategy and not as a reason for major concern. Looking ahead, it will be crucial to monitor the DKK over the coming days and weeks to determine if this trend continues or if the currency stabilizes at its current position. Ultimately, careful observation and analysis will pave the way for informed and profitable trading decisions.DKK Exchange Rates Display a Subtle Yet Steady Decline Over the Day

Current Middle Market Exchange Rate

For information purposes only.