Unprecedented Stability in DJF Exchange Rates Over Fortnight
2024-04-28
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. Overall Trend
Overall, the DJF exchange rate appears to remain relatively stable in the range of 0.0076 to 0.00776 over the provided period. There are slight fluctuations observed in the data, but no discernible, consistent upward or downward trend. While there are mild increases and decreases, the rate often returns to where it had started, suggesting relatively stable value during this period.
2. Seasonality and Recurring Patterns
Given the data provided, there doesn't seem to be a clear pattern of seasonality or recurring patterns in terms of specific times or dates with significantly differing values. However, there seems to be a somewhat cyclical pattern where the value slightly increases and decreases within the stable range. However, the patterns are not strictly regular or predictable from the data given.
3. Outliers
In our observations, most of the exchange rates are within the range mentioned earlier. However, we notice a few outliers in the data, where the exchange rate increases slightly above the normal range: on the 10th, 12th, 15th, and 16th of April. While the rates did not exceed 0.0078, these instances indicate a brief departure from the expected stable rate. Similarly, there are some dates where the rate decreases to around 0.00757, marginally below the usual range.
4. Observations and Limitations
This observed stability, minor fluctuations, and occasional outliers could be the result of various factors influencing exchange rates, including supply and demand, economic indicators, market sentiment, etc. Provided more data or considering the impact of external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports might help in understanding the exact reasons behind these changes better. However, as per the conditions, this analysis is purely based on the patterns in the historical data provided and does not take into account any external factors or subsequent potential impacts on the exchange rate.