2024-05-15 Pakistan Rupee News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
From the given dataset, the exchange rates (PKR) seem to have been relatively stable over the period noted in the data. The rates hovered predominantly around 0.00491-0.00492, with negligible decreases or increases. This indicates steady market conditions during these timestamps. No substantial general increasing or decreasing trend is observed upon initial examination.
Seasonality and Recurring Patterns
Regarding seasonality or recurring patterns in changes, it's challenging to discern any distinct patterns through a textual analysis only. For an efficient and comprehensive analysis of seasonality or recurring patterns, graphical representation or advanced statistical tests would be more appropriate. However, it does not seem like there are any obvious seasonal trends or patterns just by examining the raw values.
Outliers Observations
No significant outliers are noticed in the current dataset. The exchange rates (PKR) remained relatively consistent without any drastic dips or spikes. However, the dataset shows minor fluctuations, which are typical in such financial statistics. This suggests that throughout the period, the currency exchange had been more stable, with no significant inconsistencies or unexpected divergences from its general performance.
Remember, a thorough and systematic time-series analysis often goes through several stages of decomposition, testing, and verification - including visual analysis (like plotting the series), statistical methods (like correlation, autocorrelation), and sophisticated models, so a deeper analysis may reveal more insights than a simple text-based review.
Important Note
Please note that while we have strived to discern patterns based on the information given, exchange rates are influenced by many external and internal factors - including economic indicators, geopolitical events, and market sentiment, among others. As a result, while such historic based analysis brings value, it is not the sole method for determining foreign exchange trends.
![Stability Reigns as PKR Exchange Rate Remains Unchanged in 24 Hours](http://currencymart.net/images/news/pakistan-rupee/2024-05-15/img-GmOjQ7OVW5YkuS5fZ4PJ3IgX.webp)