Currency Rates
The data model encompasses historical and current exchange rates for multiple currencies, analyzing trends and patterns to support decision-making. It includes measures such as average, minimum, and maximum exchange rates, as well as exchange rate fluctuation and trend to assess market risk and optimize trading strategies based on the fluctuations in exchange rates over time.
Benefits of This Data Model
- Improved Decision Making: The data model allows for in-depth analysis of historical and current exchange rates across multiple currencies, enabling more informed decision-making based on trends and patterns identified.
- Enhanced Risk Assessment: By including measures such as exchange rate fluctuation, trend analysis, and volatility levels, the data model supports better assessment of market risk related to currency fluctuations.
- Optimized Trading Strategies: The data model enables the identification of correlations between different currency pairs and the prediction of future exchange rates, aiding in the optimization of trading strategies based on data-driven insights.
- Comparative Analysis: The model facilitates the comparison of exchange rates between selected currencies, providing valuable insights for decision-making and strategy development in a comparative context.
- Forecasting Accuracy: Leveraging historical data and market analysis, the data model supports accurate forecasting of future currency exchange rates, assisting in proactive decision-making and risk management.
Key Performance Indicators (KPIs)
- Average Exchange Rate: The average exchange rate calculated based on the historical currency rates over a specific period.
- Minimum Exchange Rate: The lowest exchange rate recorded within the given dataset.
- Maximum Exchange Rate: The highest exchange rate recorded within the given dataset.
- Exchange Rate Fluctuation: The percentage change between the minimum and maximum exchange rate values.
- Exchange Rate Trend: The overall trend of exchange rate movement over time, indicating whether it is increasing, decreasing, or remaining stable.
Available Visualizations
| View Name | Description |
|---|---|
| Currency Rates | Provides historical and current exchange rates for various currencies. |
| Currency Trends | Analyzes currency rate fluctuations over time to identify trends and patterns. |
| Currency Comparisons | Compares exchange rates between selected currencies to support decision-making. |
| Currency Volatility | Measures the level of variation in currency rates to assess market risk. |
| Currency Correlations | Identifies relationships between different currency pairs to optimize trading strategies. |
| Currency Forecast | Predicts future currency exchange rates based on historical data and market analysis. |