2024-05-22 Australian Dollar News
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2024-05-21
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 the exchange rates
Analyzing the dataset, it's shown that the exchange rate fluctuates within a range of 0.90722 to 0.9119 over the period. As fluctuations tend to oscillate around 0.91, it suggests that while not entirely stable, the variations do not indicate any substantial long-term upward or downward trends. The rates rather appear to fluctuate marginally relative to a somewhat constant central tendency.
Seasonality or recurring patterns in the changes of exchange rates
In terms of seasonality or recurring patterns, it is hard to determine any definitive cycle based on the data provided. While there may be minor oscillations, these fluctuations are not persistently repeating over a specific interval and thus, we cannot confirm a strict seasonality. For more concrete conclusions on seasonality, data for a more extended period would be required.
Noting outliers
The dataset contains no apparent outliers. Given the relatively narrow range of exchange rates (0.90722 - 0.9119), any significant deviation from this range would be considered an outlier. However, no such instances are observed. Keep in mind that in financial markets, outliers can be brought about by impactful macroeconomic news or unexpected market events.
![AUD Exchange Rate Experiences Fluctuations Through Out the Day](http://currencymart.net/images/news/australian-dollar/2024-05-22/img-omQX8A8RywpwaQhACSUJjZtM.webp)