2024-04-26 Australian Dollar News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of the Exchange Rates
From the dataset provided, it's clear that the overall trend of the Australian Dollar (AUD) exchange rate is primarily fluctuating. It starts at 0.89084, experiences numerous ups and downs, and ends at 0.89123. Speaking strictly about the first data point and the last one, the exchange rate experiences a slight overall increase. However, this does not indicate a consistent upward or downward trend across the dataset.
2. Identifying Patterns or Seasonality
Given the nature of the financial markets, and currency exchange rates in particular, fluctuations are expected and are part of everyday market movements. From this dataset, it is difficult to deduce any evident seasonality or recurring patterns. The data fluctuates throughout the day, which is a common occurrence in the Forex market due to constant changes in supply and demand during different trading sessions worldwide. However, no clear patterns or seasons can be derived from the dataset without more in-depth analysis, possibly involving advanced statistical or machine learning methods.
3. Outliers in the Dataset
Outliers, or instances where the exchange rate differs significantly, are present in this dataset, reflecting sudden and substantial changes in the exchange rate. For instance, at timestamp 2024-04-25 07:30:04, the exchange rate jumps to 0.89416 from the previous rate 0.89289. Soon after, the rate falls sharply to 0.89213 at timestamp 2024-04-25 07:35:03. These substantial positive and negative changes reflect outliers in the dataset. Such outliers could be due to sudden market events or reactions, and could create a risk or opportunity for traders.