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
The dataset provided indicates the MWK exchange rates at different timestamps spanning across a significant duration. Given the figures in the dataset, it can be seen that the exchange rate remains fairly stable at 0.0008 for the initial part of the dataset. However, there is a slight increment at a later stage, where the exchange rate changes to 0.00081. This small change shows that while the exchange rate varied within the observed duration, the degree of change is minuscule.
Identifying Seasonality or Recurring Patterns in the Exchange Rates
Noting the sequence of the dataset, it's clear that fluctuations in the exchange rate do not demonstrate a distinct seasonal or cyclical pattern. The rate remains largely stable throughout, with a nominal increase observed only once.
Noting any Outliers in the Exchange Rates
Given the stability of the exchange figures, it is difficult to identify an explicit outlier in the dataset. The only substantial (yet not significant) deviation from the norm is the slight increment to 0.00081 from 0.0008. However, considering the relative stability before and after this change, this shift does not significantly disrupt the overall trend and hence might not be classified as a traditional outlier.
It is important to remember that this analysis is based solely on the provided dataset. Other external factors such as political events, financial news from the international market, or changes in other economic indicators might also impact the currency exchange rates, creating sudden spikes or drops. Such events could potentially generate outliers, but are not taken into consideration within this analysis.