Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
1. Understanding the Overall Trend of Exchange Rates
Based on the dataset provided, it is noticeable that the exchange rates witnessed minor fluctuations between 0.35859 and 0.36077. However, the dominant trend is a slight increase, considering the SAR exchange rate moved from 0.35926 on 2024-02-19 01:00:02 to 0.35998 on 2024-02-23 14:00:01. No substantial tendency towards a continuous increase or decrease is present, suggesting a relatively stable exchange rate environment within the analysed period.
2. Identifying Seasonality or Recurring Patterns
Without considering external factors, such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, no clear recurring patterns or seasonality are evident from the data provided. The minor fluctuations observed don't provide sufficient information to suggest any specific hourly or daily trends in the examined timeframe. Additional data across longer timescales or granularity (such as minute-by-minute data) would be needed for a more comprehensive analysis in terms of identifying any potential seasonality.
3. Outliers and Unexpected Variations
Given that the dataset concentrates on a short timeframe and exhibits minor fluctuations, no significant outliers were observed in the exchange rates. There is no instant where the exchange rate varies widely from the general trend. Since there's no distinctive trend of sharp increases or decreases, it's difficult to identify an outlier based only on the provided data.
Please note, while this analysis provides a general understanding of the pattern within the provided dataset, for a comprehensive scrutiny incorporating the impacts of relevant external variables or unlocking deeper insights, more expanded historical data would be crucial.