2024-05-13 Ngultrum 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
Overall Trend Analysis
Upon analyzing the data, it's observed that the exchange rate values fluctuate slightly over the given time duration, but do not exhibit a defined upward or downward directionality. Overall, the exchange rate remains relatively stable. The exchange rate starts at 0.01645 on 2024-04-12 and ends near to the same value with 0.01637 by 2024-05-10. Therefore, there is not a clear increasing or decreasing trend within the given timeframe.
Seasonality and Recurring Patterns
Within the period observed in the data, there does not appear to be a clear seasonal or recurring pattern in the exchange rates. The rates fluctuate slightly independently per observation and do not show an obvious periodic trend such as daily highs or lows or a specific weekly trend. This could be attributed to the minor fluctuations in the global market that the exchange rates respond to, which do not necessarily occur in a systematic or predictable manner.
Outliers Detection
An analysis of the data has not exhibited any extensive outliers, considering the exchange rate mostly fluctuates between a rather narrow and tight band. None of the exchange rates varied significantly from the mean or moved outside the standard deviation which could be considered as an outlier. The exchange rate essentially remained within a tight range. This suggests that the exchange rate was relatively stable and there were not any drastic or unexpected variations in the rate over the period observed.