2024-05-13 Tunisian Dinar News
2024-05-12
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
1. Understanding the Overall Trend of the Exchange Rates:
From an initial inspection of your provided data, we observe that the exchange rates appear to be slightly fluctuating over the time period but with no significant overall increase or decrease. The rates hover around the range of 0.434 to 0.444. While there seems to be a downward trend from 2024-04-16 till 2024-04-18, and an upward movement between 2024-04-18 and 2024-04-19, these changes are relatively minor and the rates return close to earlier values. It is crucial, however, to apply statistical trend analysis methods to confirm this.
2. Identifying Seasonality or Recurring Patterns:
With regards to seasonality or recurring patterns, this would typically require an expanded dataset. Given the relatively short period with only a month's data, observing specific seasonal trends might be challenging. However, from a comprehensive review of the available data points, there doesn't appear to be a discernible pattern in exchange rate changes in the short run. The fluctuations seem random and do not adhere to a clear, repeatable cycle.
3. Noting any Outliers:
When considering the data, a specific outlier instance can be seen on 2024-04-16 where the exchange rate dipped to 0.437, a considerable decrease compared to prior and subsequent rates. However, this instance was short-lived as the rate soon balanced itself. Due to the seemingly random fluctuations of this dataset and relatively minor deviations, no other significant outliers were detected.
Conclusion:
In conclusion, given the time frame and the granularity of the data, the exchange rates display a fluctuating but relatively stable pattern with no discernible long-term trend or cyclical behavior. Aside from one noted outlier, the exchange rates appear to follow a random walk pattern, where each rate is random and does not depend on the previous rate. It is essential to consider that this analysis is based on the provided limited data, and a deeper analysis might be necessary incorporating a more extended period and additional factors.