2024-05-08 Aruban Florin News
2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Analysis
After carefully reviewing the data that was provided, the following conclusions were drawn:
1. Understanding the overall trend of the exchange rates:
The overall trend of the exchange rates in the given dataset seems to slightly increase over time. The difference between the minimum value (0.759) and the maximum value (0.7633) on 7th May 2024 indicates that there is a slight upward trend, but it is quite small. However, as the values fluctuate up and down within a relatively narrow range, the trend can also be somewhat interpreted as remaining stable.
2. Identifying any seasonality or recurring patterns:
The dataset provides exchange rates data for a single day, and thus it might not be comprehensive enough to accurately identify any seasonality or recurring patterns such as weekly or monthly fluctuations. However, it is observed that throughout the day, the rates seem to fluctuate on a slight upward and downward curve. It would be more accurate to determine recurring patterns with more data over a longer time period.
3. Identifying any outliers:
Within this limited data, there doesn't appear to be any significant outliers. Most of the changes in exchange rates generally follow the slight trending pattern and do not deviate much from the overall trend. Notably, there are no abrupt extremes in the dataset which could be labelled as outliers. But it's important to note that outliers are often more apparent when you have a larger dataset over a longer period of time.
Remember, this analysis only considers the raw numerical data, and external factors including market opening/closing hours, weekends/holidays or release of key financial news and reports, have not been considered.