Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Overall Trend of the Exchange Rate
The dataset provided pertains to the period from February 16 to February 23. It details time-stamped exchange rates, allowing us to gauge the price trend during this period. As per the entire continuity of the dataset, there is a slight increase from 0.27114 to 0.27034. Therefore, the exchange rates overall show a declining trend throughout this one week period.
Patterns and Seasonality
In terms of pattern or seasonality, one observation is that the data exhibits some intraday volatility, with rates changing frequently within single days. There also appears to be a repeating pattern where a decrease in the exchange rate till about 2/3rds of the day is followed by a slight rebound in the rate towards the end of the day. This pattern repeats several times throughout the time period in question.
Outliers in the Dataset
There are a few potential outliers in the dataset. They are marked by abrupt rate changes that deviate from the general pattern observed. For instance, on February 19, the rate increases from 0.27168 at 7:00:02 to 0.27193 at 9:00:03. Similarly, on February 20, the rate jumps from 0.27188 at 6:00:02 to 0.27411 at 9:00:04. These instances of abrupt changes might be outliers, but anomalies and outliers in financial data can also be caused by a multitude of factors not considered in this analysis.
In summary, exchange rate data often exhibits complex behaviors resulting from an amalgamation of numerous influences. Although this analysis provides a basic understanding of the trend, seasonality, and potential outliers within the dataset, a more thorough analysis considering additional factors like macroeconomic indicators, geopolitical events, etc., could provide more accurate and informative insights.