2024-04-29 Iraqi Dinar News
2024-04-28
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. Overall Trend of Exchange Rates:
The dataset shows a slight increase in exchange rates over the selected period. The rate initially starts from 0.00103 on 2024-03-29 and maintains this value for a few days. The increment can be observed from 2024-04-01, where the exchange rate changes to 0.00104 and shows minor fluctuations afterwards. Though, most of the observations are within the range of 0.00103 to 0.00106. It shows that there is no significant depreciation or appreciation of the exchange rate over this period, suggesting a relatively stable currency strength.
2. Seasonality and Recurring Patterns:
With the dataset provided, no clear seasonality or recurring patterns can be visibly identified. The exchange rate appears to be rather consistent over the period given. However, the exchange rate shows a very slight upward from insufficient to significant over time.
3. Identification of Outliers:
Considering an outlier as a value that greatly differs from the general trend, the dataset does not seem to contain apparent outliers. The minor fluctuations in the exchange rate are typical in financial markets and, considering the time span, aren't sufficient to be regarded as anomalies. The rates range from 0.00103 to 0.00106, suggesting a fairly stable trading environment during this period with no significant unexpected occurrences to lead to severe rate changes.
Note: The analysis provided is purely data driven and does not take into consideration any external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. For a more accurate, comprehensive analysis, such external factors should be accounted for as they can significantly impact exchange rates. In addition, the precision of the analysis could be improved with a larger dataset encompassing a wider timeframe, which may reveal more subtle trends, cycles, or patterns not apparent in this smaller sample size.