2024-04-17 UAE Dirham News
2024-04-16
Summary of Yesterday
- 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
Based on the dataset provided, the overall trend for the AED exchange rates appears to be relatively stable throughout the given period. The data reveals minor fluctuations in the exchange rates, however, there doesn't seem to be a significant upward or downward trend. The exchange rates primarily range between 0.3751 and 0.37699 as indicated by the dataset. Such a stability in the exchange rate might indicate a balanced supply and demand dynamic for the currency in the market during the particular time period.
2. Identifying Seasonality or Recurring Patterns
Regarding seasonality or recurring patterns, the provided dataset does not extend over a long enough period of time (such as monthly, quarterly, or annual data) to make definitive observations of seasonal trends. There appears to be some minor fluctuation throughout the daily time period presented in the data, however, these oscillations do not demonstrably align across days to infer a recurrent pattern. A more extended timeframe would be necessary for a reliable exploration of possible seasonal or recurring trends.
3. Noting Any Outliers
Given the mostly stable trend of the exchange rates over the provided period, the dataset does not seem to contain significant outliers in terms of exchange rates that differ drastically from the overall observed range. However, a more in-depth statistical analysis would be needed to confirm this observation and identify any potential, more subtle outliers.
Please note, these insights are solely based on the provided dataset and do not take into account other potential influencing factors that could affect the rates such as market open/closed times, holidays, significant financial news, or other external events.