Subtle Fluctuations Mark AED Exchange Rates Potential Implications for the Market
2024-03-11
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 of the Exchange Rates
Upon reviewing the dataset, there are no distinct long-term trends in the exchange rate. In general, the daily range of the currency exchange rate is relatively limited, with less noticeable periods of significant increases or decreases. The exchange rate fluctuates between approximately 0.366 and 0.367. Throughout the day, the rate mostly decreases, indicating that the currency is slightly devaluating.
Seasonality or Recurring Patterns
The data does not exhibit any clear signs of seasonality or recurring patterns. This is expected for exchange rate data since it is influenced by numerous unpredictable factors such as financial news, market sentiment, and government policies. Moreover, with the data provided, it is difficult to identify any consistent patterns over such a short time span.
Notable Outliers
While scanning the data, it does not show any notorious outliers. All values lie within a tight range and there are no significant spikes or drops that would indicate an atypical event for such financial data. The exchange rate data seem to have a consistent variation pattern without any significant unexpected deviations.