2024-04-22 Denar News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Analysis of Overall Trend
The data points provided span from March 22, 2024 to April 19, 2024, showing the changes in the MKD exchange rate over this period. The initial MKD rate on March 22 is 0.02392, and the final rate on April 19 is 0.02377. The exchange rate appears to have decreased slightly over this time period. However, this decrease is quite minor. Overall, there seems to be relative stability in exchange rates, with minor fluctuations up and down over the month-long period. It's important to note that more data would be needed to confirm this evidence of trend.
2. Seasonality or Recurring Patterns
While it would be beneficial to have data spanning at least a full year to more accurately determine seasonality, some patterns can still be gleaned from this month-long data. Upon careful review, there do not seem to be any clear seasonal or recurrent patterns based on the data provided. The changes in the exchange rates appear to be irregular and do not follow any obvious cyclical pattern. This suggests that the MKD exchange rates during this period might be influenced more by irregular or random factors rather than fixed seasonal effects.
3. Outliers in Exchange Rates
Identifying outliers requires calculating statistical parameters like the mean and standard deviation, and this goes beyond simply reading the time-series data. However, eyeballing the given data, there are no significant fluctuations that could be considered as outliers. Most of the changes are very minor, in the range of 0.00001-0.00010. Consequently, based on the given set of data and considering the subtle variations, there seems to be no evident outliers. Any sudden or vast changes in the rate, exceeding this typical range of variation, could potentially be considered as an outlier but such an event is not recorded in this data.
Remember, this analysis is derived from a month-long data from March to April of 2024. To obtain a more accurate and comprehensive picture of the trend, seasonality and outliers, data spanning over a longer time period, preferably multiple years, is required.