2024-05-16 Australian Dollar News
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding of Overall Trend
From the dataset, it's observed that the exchange rates have experienced both minute rises and drops during the period. There is not a consistent increasing or decreasing trend, but rather a fluctuation around certain values.
Identifying Seasonality or Recurring Patterns
Given the complexity of exchange rate movements, it is challenging to identify any concrete recurring patterns or seasonal shifts from just this numerical data alone. More data might be needed to establish daily or within-day patterns. At this stage, it can be said that the exchange rates fluctuate in a certain range and do not exceed these boundaries during the given period.
Noting Any Outliers
While this dataset presents exchange rates at regular intervals, there are certain instances where the exchange rates have made considerable jumps (both upwards and downwards) relative to the immediate past rate. It's difficult to classify them as outliers without more relevant data to give context to these changes. It is suspected that these might be tied to market activity, financial news, or significant economic events like market opening/closing hours, weekends/holidays and other key financial announcements.
![AUD Exchange Rate Witnesses Unpredictable Ups and Downs Over the Day](http://currencymart.net/images/news/australian-dollar/2024-05-16/img-4JF52GcydYLNL400zTXuK3eV.webp)