2024-05-13 Moroccan Dirham News
2024-05-12
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. Understanding the Overall Trend of Exchange Rates
Upon analyzing the dataset provided, it is observed that the exchange rate generally ranged from about 0.13450 to 0.13704 during the covered period. The rate initially shows an increase, peaking at 0.13715 on 2024-04-12, then gently dipping and fluctuating around the 0.136 range before reaching its lowest point of 0.02455 (which could be a data collection error) on 2024-04-16. Although the exchange rate again experience a few dips and rises, the general overlying trend over this period seems to be relatively stable, with minor fluctuations rather than significant increase or decrease.
2. Identification of Seasonality Patterns
As for the seasonal patterns or recurring changes in the exchange rates, several instances were detected where the exchange rate tends to decrease around the 02:00:02 and 04:00:02 timestamps. This pattern suggests that there could be a specific hourly trend during these timeframes. However, more detailed data, like intraday data, would further help to give a clearer picture of these hourly fluctuations. It should also be noted that there may be other underlying patterns connected to weekly, monthly, or yearly cycles affecting the exchange rate, but those would require a more extended period dataset for accurate assessment.
3. Noting Outliers
An anomalous value was found on 2024-04-16 at 16:00:02, where the rate dropped to 0.02455. This value appears to be an outlier, as it departs significantly from the trend and also from the values immediately before and after it. It might be due to a data collection error and should be verified for accuracy. Excluding this instance, the rest of the rates are within the expected range based on the overall observed trend. Another potential outlier to investigate is if the observed high of 0.13715 on 2024-04-12 and the low of 0.13450 towards the end of April are normal fluctuations, or indicate a larger trend or sudden event.
