2024-05-21 Tunisian Dinar News
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2024-05-20
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
Overall Trend
The overall trend shows a slight increase in the exchange rate over the period specified. Starting at around 0.43668, the dataset ends at around 0.43906, indicating a small rise. The exchange rates are quite stable with slight fluctuations over given periods pointing towards a possible upward trend in the longer term.
Seasonality
The data does not appear to show significant seasonality within the given timeframe. The exchange rate moves within a relatively tight range, with moderate fluctuations seeming more random than periodic. Notably, there are few substantial drops and rises, but these do not appear to correspond with any specific recurring time intervals.
Outliers
The dataset doesn't seem to contain any significant outliers. The exchange rates fluctuate within a very close range for the given period. Even the most significant changes do not differ strongly from the general trend in the data.
Limitations of The Analysis
The interpretation of this dataset is limited as it does not consider any external factors such as market opening/closing hours, weekends/holidays, or the release of significant financial news and reports. Therefore, while the analysis provides useful insights about the trend, seasonality and outliers, it might have missed some more profound insights if these factors had been taken into consideration.
Prediction Disclaimer
Though the interpretation of the trend might give some signals, it is important to note that this analysis does not forecast any future rates. Analysis of historical time series data can be a great tool for understanding historical trends and variations, however, predicting the future rates will require a more sophisticated modeling approach that takes into account the many factors that can influence exchange rates, some of which may have not been present or significant in this historical dataset.
![Unsteady TND exchange rate witnesses remarkable rise](http://currencymart.net/images/news/tunisian-dinar/2024-05-21/img-HlRNpVGqmJC0m3ojo8578akr.webp)