2024-05-21 Australian Dollar News
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2024-05-20
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
Understanding the Overall Trend of the Exchange Rates
Charts or graphs would ideally be used as a visual aid in interpreting this large set of data. However, upon reading through, the exchange rates appear to be following a slight downward trend from the beginning at 0.91214 to the end at 0.90797 which indicates a depreciation in the value of AUD within these timestamps. It is noteworthy that such changes in exchange rates are influenced by many factors including inflation rates, interest rates, country's debt level, and terms of trade among other factors.
Identifying Seasonality or Recurring Patterns
Given the data, it's not straightforward to identify clear seasonal patterns or cyclic behavior. The data is for a short period of time and exchange rates do not typically have a daily seasonality due to the continuous operation of the global forex market throughout weekdays. However, if the data was over a longer period such as months or years, we could have been able to observe some seasonality especially around specific events such as financial reports, holidays, and major political events.
Noting Outliers in the Exchange Rates
An in-depth statistical analysis is required to accurately spot any outliers. Ideally, this involves calculating the Interquartile Range (IQR) of the data set and then classifying any data point that falls below the first quartile minus 1.5 times the IQR or above the third quartile plus 1.5 times the IQR as an outlier. That said, just from casually observing the data, there don't appear to be any pronounced outliers. Most of the exchange rates hover around the 0.91 mark, with marginal fluctuations throughout.
In conclusion, this dataset represents a slight depreciation in the AUD exchange rate over the specified time period. There doesn't appear to be noticeable seasonality or outliers just by looking at the data, but a more detailed statistical analysis could provide a more accurate picture of this. It's important to remember that exchange rate movements can be influenced by a multitude of factors and understanding these factors can provide a more accurate interpretation of the trends and patterns in the data.
![AUD Sees a Significant Decline Over a 24 Hour Span](http://currencymart.net/images/news/australian-dollar/2024-05-21/img-Qu4DxrOZkOubFvdxe2ZhYPrY.webp)