Summary of Last Month
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Analysis of THB Exchange Rates Time Series Data
Observing the time series data for the THB exchange rates, there are several important aspects and trends we can identify. Here, I will provide a comprehensive analysis of the exchange rates over time, examining the overall trend, seasonality, and any outliers present in the dataset.
1. Overall Trend of the Exchange Rates
The overall trend of the THB exchange rates throughout this time period indicates subtle fluctuations. There is no sharp rise or fall, instead, the rates remain generally stable over the given time frame. That being said, the data also doesn't stay completely flat. Small valleys and peaks appear throughout the data, indicating the influence of changing market circumstances.
2. Seasonality or Recurring Patterns
From the given data, it is difficult to conclude any strong seasonality or recurring patterns. While there are consistent ups and downs, the timeframe isn't long enough to clearly pinpoint any yearly or monthly recurring patterns. As with many financial metrics, exchange rates would require more extended periods of data to be analysed for strong seasonal trends accurately.
3. Outliers in the Exchange Rates
The dataset does not contain any significant outliers where the THB exchange rate deviates drastically from the general pattern of the data. While there are minor peaks and valleys representing growth and decline, none of these shifts in the exchange rate are large enough to be classified as significant outliers.
Importantly, external factors such as market opening/closing hours, weekends or holidays, the release of key financial news, or reports weren't considered in this analysis. Consequently, for a more detailed and accurate analysis in actual forecasting attempts, these factors should be considered as they can greatly impact exchange rates.