Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
1. Overall Trend of Exchange Rates
The overall trend of the exchange rates provided is relatively stable with minor fluctuations. There is no significant general increase or decrease observed in the dataset. The TRY exchange rate started at 0.04338 at the beginning of the period and closed at a slightly increased rate of 0.0435 at the end. However, during this period, the fluctuation of the rate was within a small range, indicating marginal rate changes over the entire given period.
2. Seasonality or Recurring Patterns
Given the provided dataset does not span over a long period, it's challenging to infer any definite seasonality or recurring patterns in the exchange rates. However, during the day's trading hours, there seem to be minor fluctuations that could be potentially attributed to trading activities during market hours. More granular or longer-term data might be needed to further solidify these observations.
3. Identification of Outliers
There does not seem to be any significant outliers in the provided dataset, indicating that the exchange rate steadily fluctuates within a minor range. No instance was observed where the exchange rate deviated considerably from this consistent trend. This suggests that the TRY exchange rates are relatively stable, without unexpected spikes or falls during the given period.
4. Note on Contextual Factors
The analysis provided here is purely based on the numbers given in the dataset and do not take into consideration any external or contextual factors that can play a significant role in influencing these exchange rates. Major market events, policy changes, economic indicators, geopolitical situations, and other financial news could have potential implications on these rates. A more comprehensive analytical model may need to take these factors into account to accurately understand the trends and predict future rates.
Please note that this interpretation is based on the provided dataset, and caution should be taken when using it to make financial decisions, as exchange rates can be impacted by numerous unpredictable factors.