Summary of Last Week
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Overall Trend Analysis
From the data provided, it can be seen that the overall trend of the exchange rates of MDL over the given period appears to be relatively stable. The rates fluctuate between a maximum of 0.07643 and a minimum of 0.07499. However, despite these fluctuations, there does not seem to be a consistent increasing or decreasing trend as the rates oscillate within the aforementioned range.
Seasonality and Recurring Patterns
It is challenging to identify any clear seasonality or recurring patterns in the data without a more extended period. Seasonality often occurs over more extended periods (e.g.,12 months). However, from the presented data, we see no apparent recurring patterns. Exchange rates are affected by numerous factors, and any real patterns would likely emerge over longer-time frames.
On the examination of the data, no apparent outliers or instances where the exchange rate differs significantly from the average rate manifested. The rates across this period remain reasonably consistent, with no significant spikes or drops. Any minimal variations that do occur are typical in exchange rates due to the continual variations in the demand and supply in the currency exchange market.
Consideration of External Factors
As per the request, this analysis does not consider any specific external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
Prediction of Future Trends
The request specifically asked not to generate any forecast for future rates. Therefore, this analysis focuses solely on exploring the trends within the provided dataset and not making any predictions for future trends.