Dizzying PAB Exchange Rate Fluctuations Witnessed in a Day
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Analysis
To begin, it is essential to comprehend the timestamped dataset you provided, which constitutes time series data illustrating variations in exchange rates (PAB). The first value shown in the data set corresponds to the date and time (timestamp), while the second value indicates the PAB exchange rate at that specific moment. The analysis focuses on characteristic patterns or trends in the PAB exchange rate throughout the given timeframe and identifies any noteworthy anomalies or outliers. However, external elements such as market opening/closing hours, weekends, holidays, and key economic news and reports are not considered in this analysis. The primary goals of the analysis can be outlined as follows:
- Uncover the general trend of the exchange rates.
- Spot any seasonality or recurrent patterns in the alterations of exchange rates.
- Detect any outliers, or circumstances where the exchange rate differs considerably from the expectation based on the trend or seasonality.
Identifying Overall Trend
Given the provided dataset, it seems that the exchange rates appear to struggle within a fairly constant range, with only a few noteworthy changes in value. However, there is no evident consistent upward or downward trend. At a glance, the exchange rate seems to fluctuate relatively constantly over the given timeframe.
Seasonality and Recurring Patterns
The data does not immediately suggest any clear seasonality or recurring patterns in the exchange rates’ changes within the given time period. The values appear to fluctuate up and down almost randomly, and no clear pattern emerges when interpreting either the highs or lows in the given dataset.
Identifying Outliers
There are a few timestamps where the exchange rates differ significantly from the average value. For example, there are instances when the exchange rates fall far below the average exchange rate or rise far above it. These instances can be considered outliers since they differ dramatically from other data points in the same time frame.
In summary, while the data provided does show fluctuation in the PAB exchange rate, it does not show any explicit linear trend, discernible seasonal variation, or recurrent pattern. There are a few outliers observed, but these could be the result of factors not considered in our analysis (e.g., significant financial news or events, opening/closing of markets). As per the instruction, a forecast for future rates has not been provided.