2024-05-07 Moroccan Dirham News
2024-05-06
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
It seems like I need more specifics to understand the patterns in the data set. But based on the information provided, here is a general analysis.Overall Trend Analysis
Looking at the overall data, even in a cursory manner, one can see a general stabilizing trend in the exchange rate. Although there are mild fluctuations throughout the data, it seems the overall ups and downs balance each other out, creating a stable-like pattern overall. There are only slight deviations—both increases and decreases—but nothing dramatic or sharply steep. Therefore, it seems that this specific exchange rate has remained relatively stable over this period.
Seasonality and Recurring Pattern Analysis
Upon reviewing the exchange rate data, there isn't any clear seasonality or recurring pattern discernible. This lack of seasonality may indicate that the data isn't profoundly impacted by cyclic elements such as specific times of the day or days of the week. Changes in the currency exchange rate likely occur more due to macroeconomic and geopolitical events than due to the time of day or year. While more detailed statistical analysis would be required to confirm the absence of seasonality, from the data provided, it appears to be a likely conclusion.
Outliers Analysis
There do not appear to be any significant outliers in this dataset. This reinforces the earlier conclusion about the stability of the exchange rate over this period. While there are minor fluctuations, these changes remain within a relatively narrow range. Any significant outliers might suggest a sudden, unanticipated event affecting the exchange rate, but there is no evidence of this in the given dataset.
Again, please note, these conclusions about trend, seasonality, and outliers are drawn based on the data provided and without knowledge of the actual currency's name or external market factors that might influence it.
