Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
General Overview of the Data
From the dataset provided, we can observe minute-by-minute changes in the exchange rate between two unspecified currencies from midnight of February 28, 2024, to just before midnight of the same day. The dataset lists the exact timestamp of each rate and the corresponding exchange rate (CVE).
The exchange rates provided in the dataset range from 0.0133 to 0.01336, which is a relatively small range indicating stability in the exchange rate for the day in question. However, a general trend seen during the observation period is that the exchange rate starts at 0.01332, marginally increases to peak at 0.01336 by morning, and then, gradually declines to 0.01331 by late afternoon before slightly increasing and stabilizing at around 0.01333 for the rest of the day.
Seasonality or Recurring Patterns
Regarding recurring patterns or seasonality for these exchange rates within the day, it is observed that the prices seem to exhibit a daily cycle. There are marginal increases in the morning, declines by late afternoon, and a slight rise and stabilization towards the night. This points to a possible intraday pattern, which is likely influenced by market activity and trading volumes during different times of the day.
The range of the rates is relatively tight - no significant deviations or outliers were observed in the data. This suggests a market with low volatility for the day, or that the rates were under a strong regulatory control.
However, crucially, this analysis is based solely on one day's worth of data, and it may not be representative of the exchange rate's longer term behavior.
This analysis only interprets the data provided, and external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not considered as per your instructions. However, these factors can often play a substantial role in causing shifts or fluctuations in exchange rates, and it is recommended to consider these in a more in-depth analysis.