2024-05-22 UAE Dirham News
2024-05-21
Summary of Yesterday
- 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
An initial examination of the provided AED exchange rate data suggests a certain amount of volatility, with the exchange rate fluctuating between various values throughout the given timeframe. However, there are not pronounced or consistent trends of significant increases or decreases observed in the value over the entire dataset. Therefore, one could say the rates are generally stable with short-term fluctuations.
Seasonality/Recurring Patterns
As for recurring patterns or seasonality within the dataset, a cursory glance does not indicate any immediately apparent trends. With more granular data, it may be possible to identify specific patterns tied to times of day or other factors, though such observations are beyond the scope of this initial assessment.
Identification of Outliers
The data presented shows several instances where the exchange rate spikes or dips briefly before returning to a value within the previously observed range. While these do represent deviations from the overall observed trend, they should be expected normal fluctuations within the foreign exchange market. Significant outliers, which would indicate extremely high or low exchange rates compared to the majority of the data, do not seem to be present in the dataset.
It's crucial to keep in mind that these are preliminary observations. A more comprehensive and precise analysis would require statistical analysis, data modeling, and the application of finance theory.