2024-04-29 Ngultrum 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. Understanding the overall trend of the exchange rates
The exchange rates fluctuate within a small range over the period shown in the data. The rates mainly range roughly between 0.01615 to 0.01655. There is no explicit increasing or decreasing trend in the rates. Instead, the rates seem to consistently sway around the mean, albeit within a small range.
2. Identifying Recurring Patterns
It seems there might not be clear recurring patterns based on a daily scale in this data set. Even though there are minor fluctuations from day to day, it doesn't appear though there's a particular pattern where the exchange rates increase or decrease regularly on specific days of the week or times of the day. More granular data or a longer period of data may be required to identify any clear patterns or seasonality.
3. Noting Outliers
Looking at the provided data, there doesn't seem to be any significant outliers. An outlier would represent a moment where the exchange rate significantly differs from the local average, but the fluctuations in this data set remain reasonably uniform. The exchange rate remains mostly within the established range, with no drastic or unexpected changes.
Please note that exchange rate forecasts may get more accurate with the help of additional data such as other global exchange rates, global macroeconomic indicators, geopolitical contexts, and local economic indicators.