Summary of Last Month
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Understand the overall trends
The dataset provided is a time series data for the exchange rates dated 26th February 2024. On initial analysis, it appears the exchange rates are somewhat stable from the given dataset. The exchange rate starts at 0.09007 at midnight and ends at 0.09002 by the end of the day. Although there seems to be minor fluctuations throughout the day, there is not a significant increase or decrease trend observed over the period shown.
Identify seasonality or recurring patterns
As per the dataset provided, it is difficult to identify any clear seasonality or recurring patterns in the changes of exchange rates. The difference between the highest (0.09019) and lowest value (0.09) is not significantly large, pointing towards a stable exchange rate with only minor fluctuations. For a more accurate pattern analysis, we ideally need a longer period of data spanning over multiple months or years for different time frames (such as hourly, daily, weekly).
Within this dataset, there are no noticeable outliers or instances where the exchange rate differs significantly from what would be expected based on the trend. Throughout the day, the exchange rate remains within a tightly constrained range (between 0.09 to 0.09019), suggesting a relatively stable rate with no large spikes or drops. Again, it is important to note that a larger dataset might reveal outliers that aren't obvious in this one-day time frame.
Please note that for a deeper understanding of the patterns, factors such as the opening/closing hours, weekends/holidays, or the release of key financial news and reports could have an impact on exchange rates. While this analysis does not consider outside factors, understanding them would provide a broader and richer perspective on the behavior of the exchange rates.
It is also important to note that while this analysis offers a general overview of the exchange rates seen on this particular date, it should not be used for forecasting purposes.
This analysis is purely based on the data provided and does not consider any external data or events. For a more comprehensive analysis, a larger and more diverse data set would be beneficial. This could involve exchange rate data over a longer period and during different types of events.