Summary of Last Week
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
The dataset given is time-series data of exchange rates (USD) from January 26, 2024, to February 23, 2024. The data appears to be collected at different times throughout each day giving a detailed image of the currency fluctuations during this period.
1. Trend Analysis
By examining the data chronologically, it appears there is no clear increasing or decreasing trend in the USD exchange rate over this period. While there are fluctuations throughout, the first recorded exchange rate was 1.34739 on Jan 26, 2024, whereas the last recorded rate is 1.35008 on Feb 23, 2024. Therefore, although there are peaks and troughs between these dates, the overall exchange rate remains relatively stable throughout the period.
Identifying seasonality requires longer periods of data because seasonal fluctuations typically occur over quarterly, monthly, weekly, or daily cycles. In this dataset, there isn't enough temporal range to deduce a strong annual or quarterly seasonality. However, one could infer from this data that exchange rates might show cyclical fluctuations during given times of the day, possibly driven by the opening and closing hours of the major financial exchanges around the world, although external factors were not considered in this analysis per instructions.
When considering outliers, it's critical to note that finance data like exchange rates can be highly volatile and influenced by numerous factors. However, the spike in exchange rate on Feb 13, 2024, where the exchange rate jumps from 1.3449 to 1.3524 might be seen as potential outliers. To confirm this, more detailed statistical analysis would be needed. Other slight fluctuations throughout the dates could be perceived as the market's natural ebb and flow rather than outliers. It's crucial in the future to analyze these potential outliers in context with market events or news during that period.
In conclusion, based on the dataset and without considering external factors, the USD exchange rate during this period appears to remain relatively stable with no clear increasing or decreasing trend. While there are fluctuations, possible daily cyclical impacts, and potential outliers, these require a more in-depth analysis to confirm.