2024-04-22 UAE Dirham News
2024-04-21
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
Understanding the Overall Trend
The data provided shows a fluctuating trend in the exchange rates from the period 2024-03-22 to 2024-04-19. The exchange rate generally fluctuates between 0.368 and 0.376 over the specified period. Generally, a slight increase in the rates can be noticed over the time period, but it's also important to note that there is no strong upward or downward trend, and the exchange rate changes appear to be moderately volatile over the period.
Identifying Seasonality or Recurring Patterns
Upon a close inspection of the exchange rates, there doesn't seem to be any clear evidence of seasonality or recurring patterns. The exchange rates fluctuate frequently and irregularly throughout the dataset. There is no obvious cycle of highs and lows that repeats at a constant interval, which is typical of seasonal trends. Thus, the exchange rates in the data provided appear to be influenced more by irregular factors.
Noting Outliers
Outliers in a dataset are values that are significantly different from most other values. Regarding this exchange rate data, it's difficult to definitively identify outliers without the context of a descriptive statistical analysis or the application of outlier detection methods. However, by comparing the numbers, no significant deviations from the general range of 0.368 to 0.376 are visible. Therefore, there doesn't seem to be values that could be classified as outliers based on this observation alone.
Please note that this kind of time-series analysis can only point out general trends and doesn't explain why these trends occur. A detailed analysis involving external factors such as economic policy changes, overall economic health, and geopolitical events may provide more context and information about why the trends occurred.