Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Understanding the Overall Trend of the Exchange Rates
Starting from the first data point on 2024-02-28 00:00:02 where the exchange rate was 0.04384, it is notable that slight fluctuations occur as we move further down the time frame. Decoding the dataset timestamp reveals that the data captured extended over a 24 hour period. By afternoon, it was observed that the rate generally began to creep higher, and by evening, it reached the highest value - 0.04407. After reaching this peak, the rates then started to decrease and the lowest rate observed was 0.0438.
Identifying any Seasonality or Recurring Patterns in the Exchange Rates
As this is a single-day dataset, finding any seasonality or recurrent patterns that span over days, weeks, or months might not be possible. However, for this one day, it can be observed that the rate generally increased during the early hours of the morning and evening. Unfortunately, without more data points, it's hard to assert if this pattern holds true for other days or if there is any weekly seasonality.
Noting Any Outliers
Despite minor ups and downs throughout the day, all values mostly stay within the range of 0.0438 - 0.04407. No value significantly deviated from this range. Hence, there is no prominent outlier in the given time series data.
Disclaimer: This is a basic analysis based on the given dataset. For a more comprehensive analysis, a larger dataset that spans over a more extended period would be required. Also, it is important to note that exchange rates are influenced by a multitude of factors, such as inflation rates, interest rates, country's debt level, and political stability etc. So, any conclusions drawn from this analysis should be taken with caution.