2024-05-21 Moroccan Dirham 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
1. Understanding the overall trend of the exchange rates
The data reveals that the exchange rates have experienced very slight variations within the measured time span. To elaborate, the MAD started at 0.13708 and ended at 0.13754. This is a very minimal increase, indicating a rather stable exchange rate with minor fluctuations. However, over this time duration, gradual increases and decreases are apparent.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Given the data set and the short period over which the data spans, it's difficult to confidently identify any seasonality or recurring patterns. The fluctuations in rates do not appear to follow a clearly discernible pattern based on the per-five-minutes data points provided. It might be worth noting that, within the 24-hour period each day, no specific pattern is emerging with certainty.
3. Outliers in the dataset
Most of the exchange rates in this data set are contained between the range of 0.13707 and 0.13758. Any rate that falls outside this limit could be considered an outlier. In a detailed analysis of the data provided, there were no evident outliers as all the rates fell within the defined range. It is thereby safe to say that the dataset is quite consistent and stable with no major variations.