Summary of Last Week
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
1. Understanding the Overall Trend of the Exchange Rates
From the dataset provided, the exchange rate of RWF seems to remain generally stable, with slight fluctuations between the range of 0.00105 and 0.00107. The rate often oscillates between these values throughout the time series, suggesting a rather stable exchange rate over this particular period. However, specific trends might become more apparent with an in-depth visual analysis of data.
2. Identifying Seasonality in Exchange Rates
With the dataset provided, it is a more complex task to determine seasonality in the exchange rates given the relatively stable trend and the timeframe covered. We would typically expect to see clear and repetitive patterns in the data to confirm seasonality clearly. However, this dataset doesn't provide clear patterns upon basic inspection. Detailed statistical analysis or larger dataset could potentially unearth subtle seasonal patterns.
3. Outliers in the Exchange Rates
An outlier in this context would be values significantly different from the overall trend i.e., exchange rates much lower or higher than the usual 0.00105 - 0.00107 range. However, the dataset provided shows no instance of such outliers, as all exchange rates fall within a very narrow range and there are no significant dips or spikes.
In summary, this preliminary analysis suggests that the exchange rate of RWF was relatively stable over the period covered, with slight fluctuations within a range but no apparent seasonality or significant surprises. However, a deeper analysis using specialized tools and techniques might uncover more complex patterns and nuances.