2024-04-22 Tenge News
2024-04-21
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
Data provided is limited to a short time span from 22nd March to 19th April 2024. Ideally, for ideal and better understanding of trend and seasonality, we would require data spanning over multiple years. Nonetheless, let's discuss our analysis in three main parts: overall trend, seasonality and outliers.
1. Understanding the overall trend of the exchange rates
During the observed period, the exchange rate of KZT has generally shown a slight increasing trend. Starting from 0.00299 at the beginning of the period, the exchange rate has increased to 0.00308 until the last reported data point. This overall trend therefore signifies a gradual improvement in the value of KZT over this period. However, it should be noted that the margin of increase is very less, staying within the range of 0.0029 and 0.0031.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Given the relatively short observation period of roughly a month, it is somewhat difficult to infer any strong seasonality or recurring patterns. Nevertheless, we can observe that there is some degree of daily fluctuation in the values. However, without a larger dataset spanning multiple years, it is challenging to make any general inferences about annual or monthly seasonality. Ideally, for any significant patterns to emerge - especially on a monthly or yearly basis - we would need several years of data.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
The dataset does not show any notable outliers. There are no instances where the exchange rate differs significantly from the generally observed range between 0.0029 and 0.0031. It's noteworthy that while there are minor fluctuations from day-to-day, the top-to-bottom swing in exchange rate values remained quite tight throughout the period. The largest jump or fall in the exchange rate on any given day was small enough to not be considered an outlier against the established trend.
In conclusion, the data indicates a slight upward trend in the exchange rate of KZT over the observed period but does not provide any strong evidence of seasonality or significant outliers affecting the currency's value. However, the conclusions can be improved with more comprehensive data over a longer period.
