Canadian Dollar Forecast

Not for Invesment, Informational Purposes Only

Summary of Yesterday

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Statistical Measures

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Trend

Overall Trend Analysis

The overall trend of the exchange rate shows both periodic peaks and troughs throughout the dataset. The value started from 1.36908 and declined until around 1.365 trades per dollar. This suggests a general decreasing trend in the exchange rate over the period shown in the data.

Pattern and Seasonality Identification

There seems to be observable daily volatility in the data, which suggests that the exchange rate is influenced by the daily trading activities. Additionally, by observing the data, there are fluctuations in the rate in shorter periods as well, hinting towards intra-day seasonality. However, without knowing the exact time of day for each timestamp, it can be challenging to specify the precise nature of these intraday patterns.

Outliers Identification

Although relative stability is common in exchange rate data, some significant spikes and dips can nonetheless be seen. For instance, there exist some observable jumps at the value around 1.37265 and dips around 1.36785. These might be considered as outliers as we don't see such significant changes frequently over the timestamps.

In conclusion, the exchange rate data provided shows a general decline over time and displays daily volatility, suggesting the influence of daily trading activities. The presence of several outliers indicates significant changes in the rate at specific instances. Further analysis could potentially reveal the causes of these outliers.

Summary of Yesterday

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Statistical Measures

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Trend

Overall understanding of the trend

On a high level look, the rates in the given dataset seem to increase from approximately 1.366 at the start to about 1.37 at the end. However, there seems to be a lot of volatility as the rates fluctuate up and down within this general increasing trend. It tells that the overall value of USD showed a slight increase over the time period.

Identifying seasonality or recurring patterns

Regarding seasonality and recurring patterns, we can't definitively identify any from the data provided. Since the data points are taken at short intervals, any patterns seen may be due to short-term fluctuations rather than true seasonality. These fluctuations could be influenced by a whole range of factors such as general economic conditions, changes in supply and demand and much more.

Noting any outliers

As for the outliers, a few data points indicate higher volatility; but considering the short-term fluctuations in currency exchange rates, these can still fall within normal realm. An outlier in this context would be considered a significant deviation from the trend and these might need to be investigated further. That being said it is important to consider that slight fluctuations are normal. For a better identification of outliers we would need a larger dataset to better understand what a 'normal' rate should be before we can accurately identify the outliers.

Final Thoughts

It's important to consider that financial data such as this, while useful, delivers the most value when combined with a broader understanding of the market, such as significant economic, political, and social events that can have dramatic effects on currency rates.

Please note, since the analysis you've asked is somewhat limiting in context, we can develop a much comprehensive understanding with a broader dataset or by considering external factors that might affect these rates.

Summary of Yesterday

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Statistical Measures

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Trend

Overall trend of exchange rates (USD)

The overall trend of the USD exchange rates appeared to fluctuate with slight variations throughout the given time period, without any consistent increase or decrease overall. Close tracking of short-term rising and falling trends can be seen. However, from a general perspective, it tends to remain stable. This implies that from the start till end of this data segment, despite minor fluctuations, no significant value change could be noticed.

Recurring patterns in changes of exchange rates

Time series data like this usually exhibits some seasonality or recurring patterns upon close observation, like intra-day, weekly or monthly patterns. However, due to the limitations of the data (no specific time period or day of week indicated), it is challenging to pinpoint any clear recurring patterns. It needs further detail or longer duration data to identify any such patterns.

Outliers in exchange rates

The data appears to be fairly consistent with no obvious outliers. There are instances of brief spikes and drops but these seem to be part of the natural fluctuation rather than true outliers. Assessing outliers in financial data often needs advanced statistical techniques which include but are not limited to standard deviation and Z-Scores. Notably, additional context, such as related news articles or major world events, would also be necessary to truly gauge and understand any significant deviations.

Summary of Last Month

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Statistical Measures

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Trend

Overall Trend Analysis

The exchange rates do not see a consistent linear increase or decrease across the dataset. The rates fluctuate within a range of approximately 1.36883 to 1.37493 over the recorded period. The starting exchange rate is 1.37279, and the ending rate is 1.36984, showing a slight overall decrease.

Seasonality Analysis

The exchange rates seem to show some intra-day seasonality. The fluctuations do not appear purely random but instead seem to follow a certain pattern which repeats every day. However, without additional information such as market opening/closing hours, it is hard to definitively pinpoint specific time periods having higher volatility than others.

Outliers Analysis

In terms of outliers, the rate of 1.37493 appears to be a high outlier that notably deviates from the usual exchange rate range. On the lower side, rates like 1.36883 fall beyond the normal lower range and can be considered as potential outliers. These rates represent moments when the USD significantly diverged from its usual exchange rate trend within the analyzed period.

Conducting a comprehensive outlier detection would necessitate statistical methods such as Z-Score or Interquartile Range based analyses, which have not been performed in this context. Please consider performing such analyses for identifying potential outliers and assessing their impact on the overall trend and analysis.

Summary of Last Week

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Statistical Measures

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Trend

Overall Trend

Observations from the dataset reveal that the USD exchange rate has a generally increasing trend over the given period. There are, however, noticeable periods of decreases and stabilizations as part of the overall upward trajectory. This follows the typical pattern of financial data where upward trends are accompanied by intermittent periods of corrections.

Seasonality

While time series financial data often exhibit seasonality patterns, such patterns are not glaringly apparent in the provided dataset. There may exist subtle hourly, daily, or weekly patterns, but a more granular breakdown and thorough analysis will be needed to isolate and identify any possible seasonality.

Outliers

There are several points in the dataset where a significant change in the exchange rate seems to deviate from the trend.

  • For example, data points around 2024-04-10 08:00:03 and onwards show a significant upward swing in exchange rates.
  • Again, around 2024-04-03 10:00:03, the trend again deviates considerably.
These could be instances of outliers, yet a more comprehensive outlier detection method (like Z-score, IQR method) should be employed to validate these and possibly identify further outliers.

Please note that such outliers could be the effects of external factors, which are not considered in this analysis. The identified significant fluctuations mark the points in time where some important event might have happened causing such spikes or falls, nevertheless, without considering external factors these are mere assumptions.

Summary

In summary, the USD exchange rate shows volatility and an overall increase over the defined period. While there is no absolute evidence of seasonality readily visible in the data, this analysis has identified points that may be outliers based on a significant deviation from the average trend.

This analysis should be supplemented with further studies such as regression, volatility modeling, and comprehensive outlier detection for a more robust understanding. It's also important to consider that exchange rates are highly influenced by myriad factors - both cyclic events like economic cycles, market hours, and non-cyclic events like political changes, natural disasters, etc. Therefore, an in-depth analysis should consider variables beyond these data points.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Analyzing the Trend of Exchange Rate

The dataset provided signifies changes in the exchange rate across timestamps. To understand the overall trend, we may look at the movement of data points over time.

The dataset starts at an exchange rate of 1.3747 on 15th April 2024 and ends with a value 1.37415 on 19th April 2024. However, the change is not monotonic as the value reached a peak of 1.38291 on April 16 and a minimum of 1.37315 on April 19. Hence, the overall trend during this period appears to have had periods of increase and decrease.

Seasonality and Recurring Patterns

From this dataset alone, it is challenging to identify substantial seasonality or recurring patterns without additional context or a more extended period of data. The changes in the exchange rate appear to be somewhat random and unpredictable.

It is important to note that this is a very short time series dataset, and a longer dataset may show potential daily or weekly patterns. However, we cannot confirm any substantial seasonality with this data.

Outliers

Outliers in this dataset will be the values significantly different from the surrounding values. In this case, the most significant value recorded was 1.38291 on April 16. However, this is not a significant deviation from the other values in the dataset. Furthermore, the smallest value recorded was 1.37315 on April 19, but happens near the end of the period under review.

Due to the nature of exchange rate data, which can be inherently noisy and subject to sudden shifts due to market dynamics, these deviations do not necessarily constitute outliers. The values generally range in the 1.37 - 1.38 range although there are minor fluctuations in between.

Summary of Yesterday

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  • Daily Low:
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Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Sorry, but as an AI model, I'm currently not able to process the data and generate the required HTML format analysis. I suggest using a financial analysis or data science tool to process and analyze the given dataset.

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