Fluctuating AED Exchange Rates Undergo Substantial Volatility in February
2024-03-10
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
Overall Trend of the Exchange Rates
The overall trend of the exchange rates appears to be relatively stable. However, some fluctuation over time is apparent. The rate doesn’t show a consistent increase or decrease over the period. For a more detailed analysis, additional statistical measures such as mean or median of the rates could be calculated to identify the central tendency of the data.
Seasonality or Recurring Patterns
From a cursory glance at the dataset, no clear recurring patterns or seasonality are visible. In other words, the exchange rate appears to oscillate around a similar level and there are no clear indicators of it regularly increasing or decreasing at specific times. For a more accurate answer, a more thorough investigation involving a time-series decomposition could be performed to break down the series into trend, seasonality and residuals.
Outliers
Identifying outliers directly from this raw data can be challenging. That said, no extreme values that differ significantly from the overall levels of the exchange rate are immediately apparent. For a comprehensive review, statistical measures such as standard deviation could be used to officially identify any data points that fall outside the expected range, taking into account the typical variability of exchange rates.
