Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Analysis of Exchange Rates
The provided dataset contains a time series of GNF exchange rates from February 23, 2024. The data provides rates in 5-minute intervals for more than 24 hours. The following observations were made upon analysis:
The overall trend in this dataset shows that exchange rates for GNF remained constant at 0.00016 throughout the selected time period. There was no observable increase or decrease in the exchange rate over this period. While fluctuations are common in exchange rates due to factors such as geopolitical events, monetary policy decisions, and changes in economic indicators, there were no such changes in this dataset.
Seasonality or Recurring Patterns
Generally, observing seasonality or recurring patterns requires long-term data, typically several months or years. However, in the provided data, there is no seasonality or recurring pattern observed. This could be due to the data span being only for a single day, as a more extended period might provide different insights.
An outlier in exchange rate data would typically be a significant deviation from the overall trend. In this data, no outliers were detected as every recorded exchange rate is the same, 0.00016.
While not accounted for in this analysis, it's worth noting that exchange rates are often affected by external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These factors may precipitate sudden changes or trends within them, even on a Day level. However, no such alterations were noted in the dataset provided.
In conclusion, the dataset presents a completely steady exchange rate for GNF over the observed day. It is recommended to review or collect multiday or multi-month data for a more insightful analysis to understand any potential trends, seasonality or impacts of key external factors.