THB Exchange Rates Experienced Minor Fluctuations Amidst Market Stability
2024-04-16
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
From the provided data, we can see that the THB exchange rate fluctuates within a relatively small range during the given period. The minor fluctuations suggest that the trend has been fairly stable. The exchange rate has moved between the approximate values of 0.03752 and 0.03776 - a difference of about 0.00024. This indeed shows a stable trend, as the variation is less than 1%. Hence, if we look at the exchange rate over a broader period, it seems to be stable with minor ups-and-downs.
Seasonality or Recurring Patterns
The dataset provided doesn't cover an extensive period of time, however, it still provides an insight into how the exchange rates move over different times of the day. Even though the data does not seemingly show any seasonality or recurring patterns in accordance with specific weekdays or dates, analysis over a longer period of time is required to confirm this. Due to the stability of the trend, any minor changes in the exchange rates throughout the day can be attributed to normal market fluctuations.
Notable Outliers
Regarding outliers within this dataset, there are none that stand out distinctly when observing the given data. Since the overall movement of the value is confined within a limited range without significant spikes, it can be concluded that during this specified period, the market, in general, didn't experience any abrupt shocks or anomalies. This is good for the health of the market, indicating steady market conditions.
Conclusion
In conclusion, THB exchange rates in this dataset show a stable trend, with no significant outliers or observable seasonality patterns. This analysis represents the behavior of the exchange rates during the specific given period, and it might change if the time period is changed or expanded. Should you need an analysis considering the external factors such as market news or reports, or forecasting future rates, please provide the corresponding additional information or requests.