2024-05-14 Australian Dollar News
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2024-05-13
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
Overall Trend
Analysis of the given dataset shows that the exchange rates have a slight upward trend with minor fluctuations from the start of the data at 0.90234 up to the end of the data at 0.90276. However, the change is barely noticeable, suggesting the exchange rate remained relatively stable over this short period. The highest exchange rate value recorded in this data is 0.90593 while the lowest is 0.90234.
Seasonality and Recurring Patterns
Due to the very short period of the data, it's hard to determine any seasonality or recurring patterns in the changes of exchange rates just from this dataset. The data is likely too granular, where the intervals are in minutes over a single day, and seasonality generally requires a broader timeframe to accurately identify.
Outliers and Significant Variations
Regarding outliers, one can be identified at the 0.90593 mark, which is the absolute maximum in this dataset. In general, though, the fluctuations stay within a very narrow range, indicating that major deviations are rare. Given the minor overall increase, the data doesn't show significant deviation from the mean or the trend, which indicates that the exchange rate remained relatively stable over this timeframe.
Note that this analysis just gives a basic understanding of the dataset and does not account for complexities that could arise from external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. However, any substantial impact from these types of events will likely appear as major variations or trends in the exchange rates, which are not observed in this dataset.
![Australian Dollar Showcase Promising Surge amid Market Fluctuation](http://currencymart.net/images/news/australian-dollar/2024-05-14/img-48iz6GhAqdW0nBYBbsLtrmtj.webp)