2024-05-09 Aruban Florin News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
Analyzing the data, the trend of the exchange rate seems to be slightly volatile with possible minor changes, and at first glance, no clear upward or downward trend appears to be visible throughout the entire data. Values hover around a similar range (0.761 to 0.763), implying that the currency is relatively stable during this time-frame.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, such a clear trend is challenging to identify due to the randomness (or 'white noise') characteristics of the data. While there are fluctuations, they do not appear to follow a consistent, predictable pattern. Further statistical or quantitative analysis may be required to identify any more subtle underlying seasonality.
Outliers in the Exchange Rates
Given this dataset, outliers would be defined as values that fall outside the normal range of fluctuation. Looking through the timestamps and corresponding AWG rates, all values seem to be within a close range, suggesting there are no significant outliers within the data. However, we should perform a more detailed statistical analysis to quantify outliers effectively.
Important Considerations
- While not requested, it's essential to keep in mind that the forex market can be heavily influenced by external events such as economic news releases, geopolitical events, and market opening/closing times. Disregarding these may oversimplify the analysis and may not entirely reflect the currency's behaviour.
- A more extended period dataset might provide more insights into the pattern, seasonality and trend of the AWG rate, as this dataset covers a relatively short period where the exchange rate is generally stable.
![Unpredictable Shifts in AWG Exchange Rates Observed Within 24 Hours](http://currencymart.net/images/news/aruban-florin/2024-05-09/img-9stDGNU3ShpZMxQkYxRA3wpi.webp)