2024-05-21 Aruban Florin News
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Of The Exchange Rates
After carefully analyzing the data, it is clear that the exchange rate tends to increase over time. This is evident from the fact that the rate at the start of the given period (0.75465) increases to 0.75775 at the end.
2. Seasonality Or Recurring Patterns In The Changes of Exchange Rates
Given the time series data, it's hard to determine any recurring patterns or seasonality from a single day's data. A firm conclusion would require an analysis of a lengthy timeline to help identify any cyclic behavior. However, we can notice some micro-trends within this day where the rate may follow a short period of increase, and then decrease or vice versa. Furthermore, at certain times we can observe some periods of stability. The exchange rates also tend to fluctuate around particular values.
3. Noting Any Outliers in the Data
By examining the data, there is noticeable jump of the exchange rate value to 0.75587 from 0.75448 around the 9:25 timestamp. This deviation is much larger than the changes observed in the remainder of the data and may suggest an outlier or unusual event. However, to confirm this, the outlier's statistical identification would require further analysis and more data.
In conclusion, while a definite trend of increase in exchange rates is observed, it's critical to note the fluctuations through recurring patterns or possibly random noise in the data. We also noticed one potential outlier. However, these observations are made on a single day, and the nature of financial markets such as forex requires longer periods for more accurate analysis and understanding of trends and patterns.
