2024-04-23 UAE Dirham News
2024-04-22
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 Exchange Rates
From a general perspective, the exchange rate seems to be relatively stable, fluctuating around an average of 0.373. There are slight fluctuations, but there's no evident long-term uptrend or downtrend observed. The values vary within a narrow range, indicating a low volatility in the exchange rates during the period under consideration.
Seasonality or Recurring Patterns
On the note of seasonality and recurring patterns, due to the limitation of the data provided (only a single day), it is difficult to identify any clear cut seasonal patterns from just 24 hours of data. Identifying seasonality generally requires a more extensive set of data covering multiple cycles (such as days, weeks, months). Therefore, no definite conclusion on seasonality in the exchange rates can be made from the information at hand.
Identification of Outliers
In this context, an 'outlier' would be a drastically different exchange rate compared to the observed range. There does not appear to be any severe spikes or drops in the exchange rate in this dataset, and accordingly, no prominent outliers have been identified. All observed fluctuations fall within a small range, suggesting the absence of unexpected events causing significant changes in the currency's value during this time frame.
Please note that this analysis is purely based on the dataset provided. For much more comprehensive insights; datasets covering more extended periods, considering external factors such as geopolitical events, economic indicators, and financial market dynamics may be required.
