2024-04-23 Egyptian Pound News
2024-04-22
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
Overall Trend
Upon analyzing the dataset, it is visible that the overall trend of the exchange rate between EGP seems to be very stable. This is evidenced by the increment and decrease by very small margins towards the end of the dataset which suggests that there is insignificant volatility in the EGP exchange rate during these time periods.
Recurring Patterns/Seasonality
Regarding recurring patterns, there does not appear to be any clear seasonality or recurring patterns in the dataset. This suggests the absence of significant macroeconomic or international financial events causing such patterns during these time periods. Fluctuations in the exchange rates occur at a minute level and do not show identifiable time-based patterns or cycles.
Noteworthy Outliers
Given the stability of the exchange rates during these time periods, there are no significant outliers or extreme values in the dataset that would indicate a major financial event or shock. The fluctuations, both upward and downward, are very minute and within a close range, suggesting a stable forex market condition.
Consideration of External Factors
While external factors such as market opening/closing hours, weekends/holidays, and the release of key financial news and reports can influence exchange rates, the analysis conducted here solely focuses on the provided dataset and disregards these events.
This dataset assessment thus provides an image of a highly stable EGP exchange rate for the duration mentioned, with negligible fluctuations and no significant outliers. However, it's important to note that a more detailed analysis with additional macroeconomic data might yield more insights into patterns and factors impacting these rates.
