2024-05-14 Pakistan Rupee News
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2024-05-13
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
Understanding the Overall Trend
Upon reviewing the dataset it can be seen that the overall trend in the exchange rate (PKR) is quite stable within the provided timestamps. The exchange rate initiates at 0.00492 and, besides a few minor fluctuations, mostly remains at this level throughout the various timestamps. Therefore, it is safe to conclude that there isn't a significant increasing or decreasing trend in the exchange rate within the provided data.
Identifying Seasonality and Patterns
In terms of seasonal trends or patterns, the data does not appear to exhibit any recurring seasonal trends as the exchange rate remains fairly stable throughout different times of the day. Further analysis over a larger timescale (including various months and years) might be required to identify any seasonality or recurring patterns in the PKR exchange rate.
Noting Outliers and Significant Deviations
On the topic of outliers, a few instances are worth noting. Firstly, there is a minor deviation at timestamp "2024-05-13 04:05:03" where the exchange rate drops slightly to 0.00491 but soon recovers to the stable rate of 0.00492. This deviation is observed a few more times across the dataset but, in each case, the rate recovers quickly to its usual level. The consistent recovery suggests that these could be temporary market fluctuations rather than significant outliers.
In conclusion, while it's always important to take into account various external factors such as market opening/closing times, weekends/holidays or the release of key financial news and reports, such analysis was not preferable in this instance. The exchange rate appears to be stable with few fluctuations, no discernible recurring trends or patterns, and only minor outliers which corrected swiftly. However, for a more comprehensive analysis, a broader timeframe and additional data might be necessary.
![Stable PKR Exchange Rates Exhibit Solid Market Confidence](http://currencymart.net/images/news/pakistan-rupee/2024-05-14/img-geUg9zZE3AshS4axvLsKORC5.webp)