Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
General Understanding of the Exchange Rate Trend
The dataset starts from 2024-02-19 01:00:02 with exchange rate 0.1872 and ends at 2024-02-23 14:00:01 with the exchange rate as 0.18762. From this, it can be observed that overall, there's not a substantial change in the exchange rate spanning this time period. There is a slight upward trend, however, it's minuscule. The highest exchange rate observed was 0.18821 on 2024-02-21 03:00:02 and the lowest exchange rate was 0.18708 on dates 2024-02-22 02:00:02, 2024-02-22 03:00:02, and 2024-02-22 04:00:02.
Seasonality or Recurring Patterns in Exchange Rates
From the given data, it is challenging to firmly establish any recurring patterns or seasonality because the data only covers a short span of five days. However, the exchange rate seems to have modest fluctuations regularly. This suggests that there might be some hourly patterns or daily volatility. But given the scope of the data, it would need a more extended time series dataset to accurately determine any seasonal patterns or trends.
Within the scope of this data, there no notable outliers were observed, as the exchange rates remained fairly stable throughout. The highest and lowest points mentioned above could possibly be considered as slight outliers, but they do not deviate significantly from the average exchange rate on those days. This suggests that during this period, the exchange rate remained relatively stable without any significant shocks or fluctuations.
For a more extensive and comprehensive analysis, it would be beneficial to have a larger dataset spanning an extended period. This would provide a comprehensive picture of potential trends, seasonality, or outliers. Also, incorporating more variables, such as market-specific factors, critical news or political events, could potentially affect the exchange rate.