2024-04-24 Balboa News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis
Looking at the timestamps, the data spans from 2024-04-23 00:00:02 to 2024-04-23 23:55:02. This indicates that we are observing exchange rates over a period of 24 hours. The PAB exchange rates range between approximately 1.367 and 1.373. In this timestamp, the number of changes is 289 changes.
Trend
When evaluating a trend within this data, we can suggest that the exchange rate slightly increased over the course of the 24 hours. The exchange rate started low, around 1.370 at 00:00:02 in the morning of April 23, 2024. Within the first few hours, the rate stayed around this value, suggesting a fairly stable beginning of the day. There was a slight noticeable increase in the rate midway through the day, with a peak at about 1.373 at around 22:45:02. Nevertheless, the change in value is relatively minimal, indicating that the exchange rate held relatively stable within this 24-hour timeframe.
Seasonality
Approaching the problem of seasonality or recurring patterns, this can be a little complex given the 24 hours data span. It is typically better suited to longer periods, as a daily interval can be subject to many external factors, random variations, or fluctuations that are not recurring. However, such factors would need substantial data, spanning across multiple weeks or months, for solid detection and confirmation of patterns. That being said, the data might hint some level of pattern repetition during the same day but cannot be strictly confirmed with this small timeframe.
Outliers
Looking for outliers in the data, there were minor instances where the exchange rate spiked or dipped slightly compared to values around their time. For instance, we can see that at 1:25:02, the value went to 1.37166 but came down to 1.37147 at 1:30:02. Another notable event was around 20:05:02, where there was a sudden spike in the value to 1.37286. However, these fluctuations do not seem too significant and appear consistent with the overall data distribution.
As you'd noted, this analysis didn't take into account any external factors, such as the release of economic announcements or market opening/closing times, which would have had a meaningful impact on the exchange rate.
None of these trends, patterns, or outliers are definitive since exchange rates can be influenced by myriad factors, and predictive trends or patterns at a specific time of day may not necessarily hold in the future. But the above analysis points out what we have observed in the provided time-series dataset.