2024-05-20 UAE Dirham News
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2024-05-19
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
Analyzing your dataset, we can consider the following points:1. The overall trend of exchange rates
After an initial analysis of the dataset, I observed that the exchange rate generally fluctuates between 0.3700 and 0.3750. There isn't a clear upward or downward trend, which suggests that the exchange rate is relatively stable over the period shown. However, there are occasional spikes upward or downward, indicating slight volatility in the rate.
2. Seasonality or recurring patterns in exchange rates
From the dataset, it's difficult to clearly establish a recurring seasonal pattern without additional information such as the exact days of the week each timestamp corresponds to. Given the data, there doesn't seem to be a weekly or bi-weekly pattern that can be pinpointed directly. However, it's worth noting that exchange rates typically show a degree of cyclicality on a larger scale, usually corresponding to macroeconomic cycles.
3. Outliers in exchange rates
Looking through the dataset, the presence of outliers is not significantly evident. For the most part, the exchange rate remains within a predictable range of fluctuations. It's worth noting that any potential outliers within this dataset would likely be the result of individual events, which can't be thoroughly analyzed without further information.
In general, the AED exchange rate appears to be relatively stable in the specified period, demonstrating minor fluctuation but no clear upward or downward trend. Any anomalies or unexpected changes would require deeper examination of market conditions and influent factors not provided within this dataset.![Exchange Rates Experience Fluctuations Amid Unpredictable Economic Turns](http://currencymart.net/images/news/uae-dirham/2024-05-20/img-lEHIhumFqfpUZrQN2cEcmMA3.webp)