Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Overall Trend of Exchange Rates
Analyzing the dataset, the exchange rates fluctuate within a very narrow range from 0.00895 to 0.00899 during the covered period. There's no strong, consistent trend of the rates over time in terms of increases, decreases, or remaining stable. The exchange rate appears to remain relatively stable with minor oscillations.
Seasonality or Recurring Patterns
Seasonality generally refers to regular and predictable changes that recur every calendar year. Any predictable fluctuation or pattern that recurs or repeats over one-year is considered seasonality. Analyzing the data on a higher timeframe (e.g. hours, days) might reveal certain patterns or seasonality. However, based on the dataset provided, no clear seasonal or recurring pattern can be identified. The changes in the exchange rates show random fluctuation rather than a repetitive or predictable pattern.
In this case, outliers would be values that are conspicuously different from most other values in the dataset. From the dataset, there are no significant outliers present. The exchange rate remains within a very tight range from 0.00895 to 0.00899, with no values significantly deviating from this range.
This preliminary analysis implies a steady state of the exchange rate over the observed period. Nonetheless, financial markets are complex and driven by various factors. More detailed analysis covering an extended timeframe, considering more influencing factors, and applying more complex financial analysis techniques, could provide deeper insights.