2024-05-13 Egyptian Pound News
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2024-05-12
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. Understanding the overall trend of the exchange rates
Looking at the provided data, the exchange rate has generally remained stable throughout the period, with only slight fluctuations. The lowest recorded exchange rate within this data set is 0.02822 occurring on 2024-04-15 at 04:00:02, while the maximum exchange rate is 0.02902 happening on 2024-05-09 at 06:00:02. The average exchange rate of this period is around 0.0286, showing that the exchange rates have not drastically deviated from this value. While the rate has seen both increases and decreases during this period, these fluctuations have, for the most part, remained small, indicating overall stability in the exchange rates.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
As per the data, a clear daily or weekly seasonal pattern is not apparent. However, some minor fluctuations in exchange rates can be noticed. Occasional peaks and valleys can be observed at certain times, suggesting that there could be influencing factors within those periods causing short-term deviations from the average rate. While there is no significant increase or decrease evident that would point towards a strong seasonal pattern, further analysis with more data points or external factors could shed light on minor intraday or intraweek patterns.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
There are no major outliers observed in this dataset. All fluctuations seem to remain within a relatively close range around the mean rate. The most substantial decrease seems to occur on 2024-04-15 at 04:00:02 when the rate dropped to 0.02822, but shortly bounced back. The highest rate of 0.02902 recorded at 2024-05-09 at 06:00:02 doesn't significantly differ from the general trend as well. Therefore, it's safe to say there are no instances where the exchange rate differs noticeably from the overall trend or expected seasonality based on this data.
In conclusion, while minor fluctuations in the exchange rates exist throughout the period, the rates overall remain stable with no clear seasonality patterns or significant outliers.
![EGP Exchange Rate Fluctuations: Rising and Falling Trends Noted in April-May 2024](http://currencymart.net/images/news/egyptian-pound/2024-05-13/img-b1opOjMDmRWJ2oWHAS9M62S3.webp)