2024-05-17 Egyptian Pound News
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2024-05-16
Summary of Yesterday
- 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 time-series data provided, the EGP exchange rate appears to be relatively stable throughout the time period considered, with variations typically within a 0.0001 range. The rate started at 0.02904 at the beginning of the day and ended the same day at 0.02904, indicating no significant change in the exchange rate over the course of the day.
2. Identifying Seasonality or Recurring Patterns
Upon analysis of the data, it is hard to observe any clear seasonality or recurring patterns in the exchange rate time-series data within the provided day. The EGP exchange rate demonstrates minor fluctuations, both up and down, across different timestamps but no strong or consistent pattern emerges from this data. Note that one day of data is a very limited set, seasonality often needs longer term data to become evident.
3. Outliers and Significant Variations
From the data provided, there are no significant outliers or instances where the exchange rate differs meaningfully from the general stability observed. The data reflects a good level of consistency, with even the highest rate (0.02911) and the lowest rate (0.02865) differing only slightly from the day's general trend.
However, the minuscule drop to 0.02865 at around 02:55 can be noted as it deviates slightly from the general pattern of stability and it's the lowest point in the day, it quickly rose back to the general rate range.
Overall, the exchange rate based on this day's data is consistent with some minor fluctuations that might warrant a closer examination in a broader market context.
![EGP Exchange Rate Bathes in Volatility: Navigating the Waves with Analysis](http://currencymart.net/images/news/egyptian-pound/2024-05-17/img-gTxOfXAEA5PYr7Jdb65c1BG9.webp)