2024-05-22 Danish Krone News
2024-05-21
Summary of Yesterday
- 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
On initial observation of the data, we can say that the DKK exchange rate over the given period appears to fluctuate within a very narrow band, approximately between the range of 0.1983 and 0.1988. It indicates a relatively stable market with minor fluctuations in the currency's value. Although there are minor increments and decrements in the exchange rate, there's no significant upward or downward trend over the observed period.
Seasonality or Recurring Patterns
Based on the given data, it is challenging to confirm the presence of any seasonality or recurring patterns. The data provided gives a snapshot of roughly a single day; usually, we need a longer-term data set to identify any seasonal trends effectively. However, from a broader perspective, it seems that the exchange rate oscillates around a central value without any clear cyclical pattern.
Outliers in the Exchange Rate
Identifying outliers in financial time-series data like this requires statistical analysis; typically, any value lying beyond a specified deviation from the mean might be considered an outlier. Based on a casual observation of this data, it would appear that the figures given are all quite near to each other, and no obvious outliers are present. This is indicative of a stable period for the DKK exchange rate. Please note that a more rigorous statistical investigation could possibly reveal minor outliers not immediately visible.
Considerations for Future Analysis
- Given more extended time-series data would help in observing the seasonal trends and patterns more precisely.
- If there were notable spikes or drops in the exchange rates, considering external factors like market opening/closing hours, weekends/holidays, the release of key financial news, and reports might be necessary. But for this dataset, these factors do not seem to play a significant role.
- While forecasting future rates is out-of-scope for this particular task, it is worth noting that, based on this data, a forecast would likely show continued stability unless influenced by external factors.