2024-05-09 Balboa News
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2024-05-08
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. Overall Trend Analysis
Upon analyzing the provided dataset, it is observed that the exchange rates on 2024-05-08 start at 1.37266. Initially, the exchange rate rises slowly but then between the timestamps of 06:20:02 and 07:20:03, there is a sharp increase. The exchange rate hits a peak at 1.37586 and starts to decrease gradually and shows a downward trend until it reaches the lowest value of 1.37137. Then it slightly picks up again and closes at 1.37175 at the end of the day. Overall, even though there are some periods of increase, the general trend shows a decrease in exchange rates for the day.
2. Seasonality or Recurring Patterns
In terms of recurring patterns, it is noticed that the exchange rate is typically going through some minor fluctuations during a short time period. These fluctuations repeat after regular intervals which could be driven by intra-day trading activities. Therefore, while there is no clear macro-level seasonality observed such as weekly or monthly patterns due to the limited timeframe, micro-level intra-day fluctuations seem to be a recurring theme throughout the dataset.
3. Outliers Analysis
The most significant outlier observed is a sharp rise in the exchange rate between the timestamps '06:20:02' and '07:20:03'. During this one-hour period, the exchange rate rose sharply from 1.37286 to 1.37586, which is a significantly larger change than at any other similar time period within the dataset. After reaching this peak, the exchange rate decreased gradually, returning to the range seen earlier in the dataset. This spike in the exchange rate is the most marked deviation from the general trend and thus qualifies as an outlier.
As requested, I have not considered any external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Also, there were no forecasts generated for future rates as per the guidelines provided.
![Perceptible Increase in PAB Exchange Rate In Early May 2024](http://currencymart.net/images/news/balboa/2024-05-09/img-4Qu5n1X07Gjn6iA3LMSfGA6D.webp)