Exchange Rate of AWG Shows a Marginal Drop
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
The provided dataset consists of timestamps and their corresponding exchange rates (AWG). Each data point represents the exchange rate (AWG) at a given time.1. Understanding the Overall Trend of The Exchange Rates
The general trend can be understood by computing the mean of the exchange rates and identifying its changes over time. From the dataset, it's observed that, generally, the exchange rate has faced both slight increases and decreases. However, without a visual representation, it's challenging to define a clear trend.
2. Identifying Seasonality or Recurring Patterns
Identifying seasonality or recurring patterns in time series data typically involves checking if certain patterns or sequences repeat at regular or predictable intervals. Given the data, if the AWG values show consistent patterns of rising and falling at certain times or periods, this could indicate a seasonality pattern. Notably, seasonality is harder to detect in high frequency financial time-series data such as this dataset, primarily if it is impacted by many external factors like market conditions, macroeconomic announcements, etc
3. Noting Outliers
Outliers are points that differ significantly from the other observations. They can be detected by statistical methods that compare each data point with a defined standard, or mean, and identify whether it falls within an acceptable range or deviates noticeably. In the context of this dataset, outliers would be AWG values that significantly deviate from the majority of data. Noting outliers is important as they can represent unusual events, anomalies, or errors in the data collection process.
4. External Events
Please note that financial markets and thus exchange rates are influenced by numerous external factors such as market opening/closing hours, weekends/holidays, and the release of important financial news and reports. However, in the given context, these external factors have not been taken into account.
Please note that financial markets and thus exchange rates are influenced by numerous external factors such as market opening/closing hours, weekends/holidays, and the release of important financial news and reports. However, in the given context, these external factors have not been taken into account.
