2024-05-07 Pakistan Rupee News
2024-05-06
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
Analysis
The given data provides the exchange rates of PKR at different time points on the same day, namely May, 6th, 2024. Given the scope and the time period of the data, the type of analysis that can be provided is limited.
1. Understanding the overall trend of the exchange rates
Overall, the exchange rates on May 6th, 2024, seem fairly stable with a slight fluctuation of around 0.002 PKR. The PKR started at a rate of approximately 0.00493 and decreased slightly to approximately 0.00491 over 24 hours, then increased again to approximately 0.00492 PKR. These fluctuations are relatively minor and do not significantly fluctuate from the starting rate. This suggests stability in the exchange rate over this short period.
2. Identifying seasonality or recurring patterns
Given that the data set only spans over a single day (24 hours), it is challenging to identify any seasonality or recurring patterns. Generally, more extended periods of data (e.g., months, years) would be required to detect such trends. Nevertheless, the data reflects stability over this time period, with tiny fluctuations throughout the day.
3. Noting any outliers
Throughout this 24-hour period, there don't appear to be any significant outliers in the dataset. All rates stay within a very minute range of fluctuation. Therefore, we don't observe any exchange rate that significantly differs from the average rate or from the general trend based on the provided data within this scope.
It's important to note again that this analysis is based on a very short period (24 hours), and the scope of insight that can be gathered from these trends is limited. More extensive data over a more extended period might reveal more significant trends, fluctuations, and outliers.
Furthermore, external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports can significantly influence exchange rates. Although these factors were not accounted for in this analysis, they are critical considerations in a comprehensive financial analysis.
