EGP Exhibits Remarkable Stability Despite Intraday Fluctuations
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
After analyzing the dataset, the following conclusions can be drawn:
Overall Trend of the Exchange Rates
The exchange rate data for EGP shows a mostly stable trend throughout the given period. Adjustments are minute, with the maximum observed rate being 0.02916 and the minimum being 0.02901. This indicates that the value of the exchange rate does not fluctuate significantly and remains fairly steady.
Seasonality or Recurring Patterns
Interestingly, a distinct seasonality or recurring pattern is hard to detect from the data provided. The stability of the exchange rate over time means any seasonal influence is either minuscule or non-existent within this dataset. To assert a pattern, it might be necessary to consider a longer timeframe or incorporate additional variables.
Outliers in the Data
Given the narrow range within which the exchange rate fluctuates, there aren't significant outliers in the data. The exchange rate maintains its stability and doesn't exhibit any extreme spikes or drops during the period under study. It maintains a consistent trend with only minor, almost negligible deviations.
Please note that this analysis is based on the provided dataset only and doesn't take into account external factors that might affect exchange rates such as market opening/closing hours, weekends/holidays, the release of key financial reports and news, etc.
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