2024-05-16 Danish Krone News
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
After a close inspection of the data, it appears that the exchange rates trend has been fairly stable, with slight fluctuations. The rates range from approximately 0.19775 to a maximum of around 0.19857, indicating that the changes have been minimal and on a microscopic scale. Although minor fluctuations can be observed throughout the data set, there is no clear increasing or decreasing trend present.
Identifying Seasonality
Regarding the seasonality, given the limited scope of the data (just a single day), it's challenging to make any conclusive determinations on recurring patterns or periodic fluctuations that could potentially indicate seasonal trends related to day-time, week-days or other chronological factors. For a more accurate identification of patterns and trends, a broader data set, encompassing multiple weeks, months, or years, would be needed.
Noting Any Outliers
No significant outliers are observed in this dataset. All the exchange rates remain within a confined range, and no instances where the exchange rate drastically deviates from this range were detected. Therefore, the fluctuations in the DKK exchange rate within the provided dataset remain consistent with the overall observed trend.
In summary, the given data signifies a relatively stable trend of DKK exchange rates for the recorded day, with no notable anomalies suggesting a disruption in this trend. As the data covers one day only, it is difficult to infer seasonal trends. A broader dataset would be required to perform a more detailed analysis with an emphasis on macro-level trends and seasonal patterns.
![DKK Currency Endures a Day of Significant Fluctuations Amidst Global Market Uncertainties](http://currencymart.net/images/news/danish-krone/2024-05-16/img-CqeUxWbh6KejF4hpG9tUUEKk.webp)