Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Overall Trend of the Exchange Rates
In terms of general trend, the exchange rate appears to have stayed relatively stable over the course of the time period provided. The rates have indeed fluctuated, but have moved within a narrow band, showing no distinct pattern of consistent increase or decrease. Furthermore, although there have been slight rises and falls, the magnitude of these fluctuations is relatively small, suggesting that the exchange rate exhibits a degree of steadiness.
Seasonality or Recurring Patterns
Regarding seasonality and recurring patterns, the data sample provided does not appear to exhibit any obvious cyclic patterns or regular fluctuations that would indicate a seasonal effect. However, consider that this conclusion is based on the limited data set provided and may not hold as more data is accumulated and observed. A comprehensive seasonal or cyclic analysis often requires longer-term data, spanning multiple months or years, to account for potential external factors or inherent characteristics of the foreign exchange market.
Identification of Outliers
Throughout the data, there doesn't seem to be any significant outliers. All variations in the rates fall within a small range whereby the maximum deviation doesn't seem to exceed much beyond the mean. This suggests that in the given time frame, the exchange rate does not exhibit any extreme spikes or sudden dips which could have been classified as outliers. However, the identification of outliers often involves statistical methods and could be more accurately performed using quantitative analysis tools.
In conclusion, based on this dataset, the exchange rate seems to be relatively stable without an evident upward or downward trend. No clear seasonal or recurring patterns are apparent, and no outliers were observed. Nevertheless, a more thorough analysis, possibly deploying mathematical and statistical methods, and expanded dataset spanning a more extended period could provide additional insights.