2024-04-22 Egyptian Pound 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
Understanding the Overall Trend
The data shows some level of fluctuation in the exchange rates over the period. Although there is no significant or substantial increase or decrease, the exchange rate seems to exhibit minor oscillations. Initially, there's a slight increase in the rate from 0.02907 on March 22, 2024, to 0.02918 on March 25, 2024. However, from this point onward until about April 11, 2024, a general trend of decrease can be seen, reaching a low ebb of approximately 0.02835. From April 11 onward until the end of the dataset (April 19, 2024), the trend generally picks up again slowly, swinging back towards higher rates around 0.0285.
Identifying Seasonality or Recurring Patterns
While the exchange rates display some variability, it is challenging to discern a clear repeating pattern or seasonality directly from this data. Still, a few trends can be noticed. The first one being a slight increase during the morning hours, followed by a minor decrease around afternoon or early evening. This pattern somewhat repeats throughout the dataset. However, as fluctuations are relatively small, one should be careful while drawing any firm conclusions.
Note on Outliers
Most exchange rates in the dataset tend to fall within a relatively narrow range of 0.02835 to 0.02918. However, there's a noticeable drop down to around 0.02822 on April 15, 2024. This could be considered an outlier, as it's a significant departure from the trend seen before and after this date. It also represents the lowest point in this dataset. However, without considering any specific event or external factors which might have influenced this plunge, it is hard to gauge why this significant drop has occurred.
