2024-05-09 Australian Dollar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
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
Data Analysis Results
The initial analysis of the provided dataset involves understanding the trends, identification of any recurring patterns and noting any significant outliers in the AUD exchange rates at the corresponding timestamps. Please note that this analysis is based solely on the dataset provided and does not consider external factors such as market opening/closing hours, weekends, holidays, or the release of key financial news or reports. No forecast for future rates is made.
1. Understanding the overall trend of the AUD exchange rates.
The comprehensive analysis of the provided timestamp exchange rates data shows the AUD has experienced both periods of increases and decreases during the recorded times. From the beginning timestamp '2024-05-08 00:00:02' with a value of 0.90468 to the final timestamp '2024-05-08 23:55:02' with a value 0.90315 AUD, there's an overall slight decrease in the exchange rate.
2. Identification of recurring patterns.
Upon analyzing the data for recurring patterns, it's observed that there does not seem to be a clear consistent periodic pattern in the exchange rates for the given timestamps. While there are certain periods of relative stability, these are often followed by periods of sharper changes in either direction. Further detailed analysis would be required with consideration of more granular time factors such as time of day or specific periods to identify any potential sub-periods of increased stability or volatility.
3. Noting any significant outliers.
As for outliers, or instances where the exchange rate significantly differs from the common trend, these are quite a few in number given the inherent volatility of currency exchange rates. Outliers observed may suggest unanticipated events affecting the AUD value, however, we should note that the considered data does not include information that could confirm or refute such events, such as key national financial reports, geopolitical events, or policy changes.
![Steady Fluctuation Marks AUD Exchange Rate Within 24 Hours](http://currencymart.net/images/news/australian-dollar/2024-05-09/img-elnFaRWLzZked4bfqlnWLG00.webp)