2024-04-18 Balboa News
2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend of the exchange rates.
During the analysis of the provided dataset, it can be observed that the exchange rates have shown a general downward trend over the given timeline, beginning from a value of 1.38155 and ending at a lower point of 1.37942. There are certain peaks and valleys throughout the dataset, reflecting the volatile nature of currency exchange rates, but the overall trajectory suggests a gradual decrease in value.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates.
Time-series data often exhibit seasonality, or patterns that repeat at regular intervals. With the available data, it's not feasible to conclusively determine any daily, weekly or monthly seasonality as these would require a longer timeframe. However, periodical oscillations can be observed, with the exchange rates first rising and then falling.
3. Noting any outliers or unusual deviations.
Notable outliers in this dataset include sudden spikes or drops in the exchange rate. For example, around the timestamp "2024-04-17 20:05:02", a steep increase from 1.37807 to 1.38065 is observed within a span of just a few minutes. This could be due to a multitude of factors including unexpected market news, large trades executed by institutional traders, or sudden changes in supply and demand.
Overall, the dataset provides a snapshot of exchange rate movements over a period of around 24 hours. Please note that further comprehensive analyses could be conducted with a more extensive dataset encompassing a wider time frame.