Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Overall Trend Analysis
The data provided covers the exchange rate changes for the date of February 28th, 2024. At a glance, the exchange rate has seen slight fluctuations across the 24-hour period. Starting at 0.75087, it appears to follow an overall increasing trend, reaching up to 0.75307, with a few periods of decrease before eventually landing at 0.75149 at the end of the dataset. However, the fluctuations throughout the day are minor as the range of the changes is relatively small at 0.0022 (the difference between the highest and lowest exchange rates for the day). This suggests a relatively stable exchange market at the time.
Pattern and Seasonality Analysis
During the review of the time stamps provided, it can be observed that there may be some instances of seasonality or recurring patterns. Most particularly, there seems to be cycles of the rate initially increasing, reaching a peak, and then decreasing. However, due to the data only representing a single day, and without any background information about a larger timeframe, it's difficult to identify any specific seasonal trends or patterns accurately within the context of this dataset.
Outliers and Unexpected Instances
Looking at the data set, there do not appear to be any significant outliers or instances where the exchange rate deviated too far from the general trend for the day. The rates flowed relatively naturally, with no drastic and rapid drops or gains that would suggest an outlier. Nonetheless, care should be taken with this observation as broader data beyond this single day may reveal different insights.
As per your request, external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports are not considered in this analysis. These external elements can frequently change the course of exchange rates, and it would typically be recommended to consider them for a more comprehensive analysis.
It's imperative to note that while the day’s data analyzed here does give some notion of the exchange rate's behavior on this specific day, one day's behavior does not establish a long-term trend or pattern. For a more extensive and accurate comprehension of these exchange rates, a larger dataset encompassing a broader timeframe would be suitable.