New Taiwan Dollar Forecast

Summary of Yesterday

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Statistical Measures

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Trend

Overall Trend Analysis

The overall trend throughout the dataset appears to be slightly downward. The TWD exchange rate starts from approximately 0.04201 and ends near 0.04191. However, fluctuations throughout the dataset are minimal, and the rate remains relatively stable around this range.

Seasonality and Recurring Patterns

It's challenging to identify any clear seasonality or recurring patterns in the dataset without examining the corresponding dates and considering external factors. However, the data seems to show minor fluctuations consistent with daily foreign exchange market volatility.

Outliers and Notable Instances

Despite the lack of significant swings in the rate, there are few minor dips around certain points in time. For example, the change from 0.04197 to 0.04193 appears to be a notable dip relative to the rest of the data. However, these outliers do not cause a significant deviation from the overall trend.

Please remember that a more in-depth and accurate analysis would take into account additional factors such as market opening/closing hours, weekends/holidays, and the release of key financial news or reports.

Summary of Yesterday

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• Difference of Daily High & Low:

Statistical Measures

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Trend

Understanding the Overall Trend

The overall trend of the TWD exchange rate appears to be quite stable over the provided period. There are minor fluctuations in the rate, but it doesn't seem to show a strong increasing or decreasing trend. The rate varies within a very narrow range of about 0.04194 to 0.04209.

Identifying Any Seasonality

As for seasonality and recurring patterns, it is quite hard to identify any clear-cut patterns due to the small variations in the rates and the shortness of the time frame. Typically, seasonality would be visible over larger time-scales such as months or years, so it might not be possible to identify such patterns over a single day's worth of data.

Noting Any Outliers

Regarding outliers, there were no significant spikes or drops in the value of the exchange rate over this time frame. All changes in the exchange rate seem to be minor, and there were no major deviations from the overall trend observed. This suggests that during the duration for which we have data, the exchange rate was relatively stable with no significant shocks or surprises.

In conclusion, the given timestamp data for TWD exchange rate shows a stable trend, with minor fluctuations. There does not appear to be any strong seasonal pattern or noticeable outliers within this dataset. However, for a more accurate and comprehensive financial analysis, a longer period of data might be more useful as it can help detect possible seasonal patterns and long-term trends.

Summary of Yesterday

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Statistical Measures

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Trend

Analysis of the dataset

Upon reviewing the provided data, it appears that the time-series dataset spans about a day (April 23, 2024) and provides granular data on the exchange rates of the Taiwan Dollar (TWD) within this period. The timestamps follow a regular 5-minute interval, except for some gaps that could be attributed to non-business hours or other unanswered factors. Worth noting is that no external news or events potentially affecting the currency market are considered in this analysis. Let's discuss the observed trends, patterns and potential outliers.

1. Overall trend of the exchange rates

Looking at the general trend, the TWD exchange rate seems to undergo subtle fluctuations throughout the day. The rate starts at around 0.04197 at 00:00 and ends at 0.04199 at 23:55. The highest figure recorded in this period is 0.04207 (at approximately 06:15), while the smallest is 0.04194 (around 19:45). So, despite these minute changes, overall, the exchange rate appears to remain relatively stable.

2. Seasonality or recurring patterns

This dataset seems to lack clear evidence of strong seasonal tendencies or recurring patterns in the exchange rates. The changes in rates occur in a seemingly random manner lacking uniformity throughout the day. However, some observations can be made. For instance, during early hours (between 00:00 to 06:00), the exchange rate appears to pick up mildly, peaking at around 06:15, followed by a slight recovery between the hours of 20:00 and 23:55. Amid some fluctuations, the rate seems to stabilize most between the hours 13:40 and 16:05. These patterns, however, are based on just a day’s data and may lack significant statistical backing.

3. Outliers or significant variations

In terms of outliers, the dataset does not present any striking anomalies where the exchange rate diverges substantially from the day's general trend. One potential deviation is the slight surge up to 0.04207 at around 06:15, which stands as the day's peak rate. However, this increase is subsequently corrected and doesn’t represent a significant departure from the general exchange rate behaviour on April 23, 2024. This suggests that the variations in the exchange rate within this specific day's timeframe remain relatively moderate and within a very narrow range.

]) It's worth noting that the analysis might have been more enriched or outlooks more varied with a larger dataset covering a more extended period, incorporating external factors as well. This could provide a more precise and holistic overview of the currency's behaviours and potential patterns.

Summary of Last Month

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Statistical Measures

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Trend

1. Overall Trend of Exchange Rates

Based on a general review of the data, the overall trend of exchange rates between TWD and USD from 00:00:02 on April 22, 2024, through 23:55:02 on the same day, the exchange rate for TWD appears to decline slightly. The rate starts at 0.04208 and ends at 0.04197, showing a small decrease over the period under consideration. However, the changes are small, and the rate mostly remains stable, fluctuating slightly around the 0.042 mark, suggesting a relatively stable currency.

2. Seasonality or Recurring Patterns

From the dataset, there aren't apparent patterns or visible cycles concerning certain times of the day impacting the direction of the exchange rate. Thus, we could not discern any notable seasonality or recurring pattern from the data.

3. Outliers and unexpected rate changes

The rate does not appear to deviate significantly from the general trend at any point throughout the day. There aren't any dramatic spikes or declines that would indicate the presence of outliers or unexpected fluctuations. The exchange rate on this particular day appears to be consistently stable, with minor rises and drops throughout.

Summary of Last Week

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Statistical Measures

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Trend

Overall Trend of Exchange Rates

Upon examination of the dataset provided, the exchange rates between 0.04242 and 0.0427 from the 22nd of March, 2024, to the 19th of April, 2024. These rates fluctuate upward or downward within this period, although the fluctuation range is very small, indicating overall stability in the exchange rates. There is no clear discernable upward or downward trend in the exchange rate during this period. Rather, we see slight fluctuations around the mean value.

Seasonality or Recurring Patterns

From the given dataset, it is difficult to precisely define any consistent seasonality or recurring patterns. The data points provided do not cover a full year or multiple years, which would help determine a seasonal effect. However, even within this time frame, there does not appear to be a significant day-to-day or hour-to-hour pattern in how the exchange rates change.

Outliers

The dataset reflects fairly consistent exchange rates throughout with minimal extremes. There are no significant spikes or steep declines in the exchange rates, indicating that there are no noticeable outliers in this dataset. The rates neither climb nor fall dramatically from one period to the next. This suggests a level of stability in the economic conditions affecting the exchange rate during this specified period.

Summary of Yesterday

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• Difference of Daily High & Low:

Statistical Measures

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Trend

1. Understanding the overall trend of the exchange rates

The overall trend in the exchange rates represents a slight decrease over the period shown in the data provided. By starting at 0.04252 at '2024-04-15 01:00:02' and ending at 0.04221 at '2024-04-19 13:00:02'. The decline is slow and steady, with small fluctuations at each timestamp, indicating a general decline in the exchange rate.

2. Identifying Seasonality or Recurring Patterns

There appears to be no discernible seasonality or recurring pattern in the provided exchange rate data. The data fluctuates slightly at each timestamp, without manifesting a clear pattern on a daily or hourly basis. However, it's important to note that due to the fact that data only spans over a few days (from '2024-04-15' to '2024-04-19'), it would be hard to pinpoint a monthly or yearly pattern.

3. Noting Outliers or Significant Variations

While there were minor fluctuations in the exchange rates throughout the provided timestamp, no significant outliers or exceptions were observed from the general trend. The exchange rate stayed within a close range of 0.04221 to 0.04257, so there were no large spikes or dips that would qualify as outliers or significant deviations from the overall decreasing trend.

In the absence of more specific factors to regard such as market conditions, this analysis is purely based on the given dataset and does not account for any external events that might affect exchange rates. It is suggested to take this analysis in association with other information for a comprehensive understanding of TWD exchange rates.

Summary of Yesterday

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• Difference of Daily High & Low:

Statistical Measures

• Mean:
• Standard Deviation:

Trend

Analysis of the TWD Exchange Rate

From the time-series data provided, the TWD exchange rate shows some fluctuation during the period under study. Observations around the movements of the rates can be drawn as follows:

Overall Trend

The TWD exchange rate appears to be in a slight downward trend. This is indicated by the rate starting at 0.0424 on 2024-04-19 00:00:02 and ending at 0.04224 on 2024-04-19 14:55:01. However, this decrease is relatively small and shows no large changes that could be interpreted as significant volatility.

Seasonality or Recurring Patterns

At first glance, there doesn't appear to be an obvious seasonal pattern in the exchange rates based on the data provided. The exchange rate variation appears to be a minor fluctuation, and the lack of data for an extended period limit comprehensive seasonal analysis. However, a more granular analysis or additional data may reveal more subtle patterns.

Notable Outliers

In terms of outliers, there are no instances where the exchange rate significantly deviates from the overall trend within the data scope. Only minor fluctuations are observed from the given time series data, and the deviation from the main trend is trivial. To conclude, the dataset doesn't seem to have identifiable outliers.

It’s worth noting that while market events such as opening/closing hours, weekends/holidays, or the release of key financial news and reports could affect rates, this brief analysis doesn't consider any specific events or external factors.

Lastly, a comprehensive understanding of the exchange rate's behavior would typically require analysis over a longer timeframe and possibly using more sophisticated statistical methods.