2024-05-13 UAE Dirham News
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2024-05-12
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 Assessment
From the given dataset, we observe the overall trend of the exchange rates. We can see a fluctuating trend with both incremental and decremental phases but with less severe alterations. The AED exchange rate kicks off with an amount of 0.37368 initially and ends with a rate of 0.37214. By easy observation, the AED exchange doesn't show a distinct increasing or decreasing trend. Rather it's fairly stable with mild fluctuations throughout the given time period.
Seasonality or Recurring Patterns
As for seasonality or recurring patterns, a meticulous analysis of the dataset would be necessary to draw any conclusions. However, from an initial look, it doesn't seem to display any strong hourly, daily or monthly seasonality over the period presented. Indeed, such characteristics in the exchange rates generally require advanced statistical tests to be identified decisively.
Identification of Outliers
At first glance, it's quite challenging to identify any possible outliers or observe anomalies simply by looking at the raw data. Outliers in such a context would signify times when the exchange rate differs significantly from the general trend or what might be expected. Such deviations can occur due to a variety of reasons like sudden market moves attributable to news events or large trade orders. An advanced statistical analysis considering concepts like standard deviations could shed light on the existence of potential outliers. Furthermore, to establish a solid understanding of anomalies, one might need to compare this AED exchange rate with other exchange rates or market indicators in the same corresponding period.
External Factors Consideration
The analysis provided here is purely based on the provided time series data of the exchange rates, without the consideration of additional external factors. Market opening/closing hours, weekends/holidays, or the release of key financial news and reports can indeed have a significant impact on exchange rates. However, as per the request, these factors have not been included in this analysis.
Future Forecast
Also, the analysis didn't generate any forecasts for future exchange rates. The focus was on understanding the past behavior of these rates based on the given dataset.
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