2024-05-21 Danish Krone News
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2024-05-20
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
1. Understanding the Overall Trend
Observing the data, it appears that the exchange rate tends to fluctuate around a level of roughly 0.198. The highest rates observed are 0.19855 while the lowest are at 0.19808. The exchange rate seems to have a stable overall trend with minor fluctuations around a consistent level, with no clear upward or downward trend.
2. Seasonality or Recurring Patterns
Noting the time intervals between the provided data, it seems the data is taken every five minutes. However, there doesn't appear to be a visible seasonal or recurring pattern based purely on this data. Any minute variations that occur do not appear to follow a discernible pattern with the given information.
3. Identifying Outliers
From a visual inspection, the outliers in this dataset (those that sit significantly apart from others) are not immediately visible. The exchange rates all lie quite close to each other when considering the range between the highest and lowest values. Therefore, we do not have any significant outliers, according to this data set.
It should be noted that this analysis is based purely off the given numerical data, and does not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, since these instructions were specified.
Furthermore, no future forecast has been provided, as requested. This analysis serves to understand the past behavior of the exchange rate as given in the dataset, and does not attempt to predict future movement.
![DKK Exchange Rate Witnesses Noteworthy Fluctuations Over Single Day](http://currencymart.net/images/news/danish-krone/2024-05-21/img-Vpy2Mn50XkNPGzDxijjC5f4C.webp)