2024-05-17 Australian Dollar News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
Given the data from 2024-05-16 00:00:02 to 2024-05-16 23:55:01, the overall trend of the exchange rate shows fluctuations which are common in currency trade. The highest rate was 0.91088 at 02:30:02 while the lowest rate recorded was 0.90745 at 21:45:02. The exchange rate seems to have a slightly decreasing trend across the day, but the changes are not so significant.
Seasonality or Recurring Patterns
From this dataset, it's overly simplistic to specific recurring patterns or seasonalities primarily because of the short timeframe it covers - only 24 hours. For more accurate conclusions, the rate over months or years would be necessary. Therefore, no inferences about seasonality can be made, although the daily changes show a possible end-day dip followed by a slight increase at the start of the next day.
Outliers in the Exchange Rates
Between 21:30:02 to 22:30:02, there was a significant rise from 0.9079 to 0.90826 respectively. This might seem a small difference but in forex trade, such could imply significant impact. Another reveled irregular trend was a notable fall around 16:00:02, where the value decreased dramatically from 0.90949 to 0.9087. Unfortunately, since the dataset contains only one day's data, we can't determine if this drop is a one-off event or part of a regular pattern.
As requested, the analysis was conducted without regard to external factors such as market opening and closing hours, weekends, holidays, and the release of key financial news and reports. Please note that these external factors could impact the accuracy of the analysis as they significantly impact currency exchange rates.
![AUD Exchange Sees Noteworthy Fluctuations in Mid-May](http://currencymart.net/images/news/australian-dollar/2024-05-17/img-yT2UV4byyoD0fBgRDty0APhQ.webp)