2024-05-21 Egyptian Pound News
2024-05-20
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
Analysis of Time Series Data
The data provided represents the time series data for EGP exchange rate at different timestamps. This enables us to understand the fluctuations in the exchange rate over the specified period. Now, let's delve into the details:
1. Overall Trend Analysis
Looking at the data, it can be observed that the exchange rate fluctuates between a very small range of 0.02897 to 0.02925, indicating a fairly stable rate throughout the period. There exists a slow and steady incremental trend. There is a continuous upward movement in the exchange rate from the start to the end of the time period. Therefore, the EGP exchange rate demonstrates a trend of slight but consistent appreciation over this period.
2. Recurring Patterns and Seasonality
In the data, it is challenging to identify a clear-cut pattern or seasonal trend due to the apparent stability of the exchange rate. The minute fluctuations could indicate a possibility of some form of repeating pattern, although it is negligible.
3. Identification of Outliers
The provided data shows very few sudden jumps or drops in the exchange rate, suggesting minimal outliers. The most noticeable movement is when the rate drops down to 0.02897 once and goes up to a maximum of 0.02925. These could be considered potential outliers within this dataset.
In conclusion, the EGP exchange rate shown in the dataset stays relatively stable throughout the regular market operations. Despite the slight upward trend, there is no noticeable regular, recurring pattern of the rate change. The general stability of the rate means any substantial deviations can be considered as outliers.
