Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Understanding the Overall Trend in the Exchange Rates
The dataset presents time-series data of the UAH exchange rates between 19th February 2024 and 23rd February 2024. The exchange rates during this period seem to fluctuate, indicating some level of volatility in the foreign exchange market. At the commencement of the examined period on the 19th of February 2024, the exchange rate opened at 0.0354 and had a slight decrease over time, closing at 0.03494 by 23rd February 2024. Therefore, the overall trend in the exchange rates during the period seems to be a minor decline.
Identifying Recurring Patterns or Seasonality
After closely examining the data, it appears that no specific recurring pattern or strong seasonality emerges from this dataset within such a short period. The exchange rate shows continuous fluctuations throughout the period, facing rises and drops at different times, but not in a distinct or recurring pattern. Attempting to identify seasonality in this short period would require more data spanning over consistent intervals, such as monthly or yearly data. This would allow us to see if the exchange rate patterns repeats over a specific time. Nevertheless, the fluctuations still indicates that the rates are affected by continuous market activities.
Noting Outliers in the Dataset
An outlier in this context would refer to an exchange rate that drastically differs from the rates around the same time period. Looking closely at the data, no single point significantly deviates from the overall behaviour of the data. Therefore, it's safe to state that there are no noteworthy outliers in this dataset during this period. Please note that the absence of outliers indicates that there was no unexpected or unusual event that influenced the foreign exchange market during this period.
Please note that while an exchange rate's trend, seasonality, and outliers are critical points for consideration in financial analysis, other factors such as economic indicators, market opening/closing hours, geopolitical events, financial news, and reports can significantly impact exchange rates. This analysis purely focuses on the trend, pattern, and outliers in the given exchange rates without any consideration of external factors.