Summary of Last Month
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Analysis of Exchange Rate Trends
This analysis is based on time-stamped data for the given exchange rate (NAD). Here we are aiming to understand the overall trend, identify any recurring patterns (seasonality), and highlight any significant outliers.
From the provided series, there seems to be a subtle increase in exchange rates during the first half of the period. However, beyond the midpoint, the NAD exchange rates appear to show a small dip, stabilizing towards the end of the series. The overall trend, thus, can be described as marginally volatile, leaning towards stability.
Identifying Seasonality or Recurring Patterns
On a closer look at the dataset, it appears that the volatility in exchange rates typically increases around the early hours of the day, potentially suggesting a pattern that relates to the opening hours in the markets. But as the day proceeds, we observe more stability in the rates with minimal changes. This pattern seems to be recurring across multiple days in the dataset. However, to be sure, one would require a more extended set of data spanning across weeks or months.
An important observation from this data series is the significant dip at timestamp '2024-02-26 12:50:02', where the rate drops to 0.0699. This drop in exchange rate marks a significant departure from the preceding and following values. On all other occasions, fluctuations seem balanced and within a certain consistent range.
In all, this comprehensive analysis of the NAD exchange rate data illustrates subtle volatility in the rates, a possible daily seasonality pattern, and a notable outlier. Predictions for future fluctuations must consider these trends as well as other influencing market factors.