2024-05-01 Pakistan Rupee News
2024-04-30
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of PKR Exchange Rate Dataset
1. Understanding the overall trend of the exchange rates
In general, the exchange rate (PKR) depicted in this dataset appears to be relatively stable, primarily fluctuating between 0.00491 and 0.00495. The rates remained mostly constant at 0.00491 for periods, but then gradually increased to 0.00492 and maintained this rate for a substantial chunk of time. From here, a slight progressive increase was observed to 0.00493. After a substantial period, the rates progressively increased to a peak of 0.00495. It is essential to note towards the end of this period, the exchange rate dipped to 0.00492 again.
2. Identifying Seasonality or Recurring Patterns
From this dataset, it is challenging to identify a clear-cut/inherent seasonality or recurring pattern in the change of exchange rates. However, stable periods followed by a slight increase could be noticed. The shifts don't seem to be following a specific daily or weekly cycle, prominent in this historical dataset. This suggests that the exchange rate might not be influenced by cyclical factors or at least not within the timeframe provided.
3. Noting Outliers
The dataset seems to be free of dramatic spikes or drops, indicating no clear outliers. The values stay within a very tight range. This indicates steadiness in the exchange rate during this timeframe. However, a thorough statistical analysis would provide a more accurate identification of any outliers.
Please note: Although the analysis does not take into account specific events like market opening/closing hours, weekends/holidays, the release of key financial news and reports, these factors generally have a significant impact on exchange rates and their trends. This analysis is purely based on the data provided.