Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Analysis of Exchange Rates
Upon careful inspection of the dataset provided, important observations have been made. The data report has been analysed segment by segment for a better understanding and interpretation of the facts and figures.
1. Understanding the Overall Trend
The variable of interest in this case is the exchange rate (IQD). The data shows that there's a very subtle variation in IQD exchange rate. It starts at a value of 0.00104 and remains relatively consistent, with only two instances where the rate drops to 0.00103, before going back up to 0.00104. Thus, if we were to consider the overall trend of the exchange rate, we can define it as mostly stationary within the data set's time frame.
2. Recurring Patterns and Seasonality
Given that the data spans within a single day, we might consider high-frequency intra-day seasonality. Such patterns could be related to market opening/closing hours, lunch breaks, or other regular daily events.
However, as per the requirements, we are ignoring these factors and looking at the data in a simplified manner. Considering this, it's hard to identify any clear recurring patterns or seasonality in the given dataset because of its consistency. The rates remain principally stable during the various time stamps.
3. Outliers Identification
An outlier is a data point that differs significantly from other similar observations. They might be due to variability in the measurement or can indicate an experimental error. In our case, the two instances where the rate drops to 0.00103 could be considered as outliers, as most of the dataset stays at 0.00104.
However, the change is so minimal it might be within the acceptable 'predictable' fluctuation. Without further information regarding the common fluctuation range for these rates, it is difficult to conclusively label these points as true outliers.
In conclusion, the dataset shows a predominantly stationary behaviour in the exchange rates with a couple of negligible exceptions.
Note: These insights are provided without considering the influence of external factors such as market hours, financial reports, etc. as per the request.