Unsteady Bob Exchange Rate Sees Minor Fluctuations Throughout the Day
2024-05-14
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. Trend Analysis
Over the period shown in the dataset, there is a slight downward trend in the exchange rates. The exchange rate starts at around 0.19808 at midnight and gradually declines to approximately 0.19785 by the end of the day (23:55). Although there are minor fluctuations throughout the day, the macroscopic view indicates a gradual decrease in rates.
2. Seasonality or Recurring Patterns
A close inspection of the data reveals some possible recurring patterns. The exchange rate seems to rise slightly during the early hours (around 03:15), then gradually falls until mid-morning (around 08:05). This would suggest that there might be a regular daily pattern linked to the market's opening hours and global currency exchanges' activity. However, this pattern might not be very robust and may change in different periods or under varying conditions.
3. Identifying Outliers
The dataset does not appear to contain any significant outliers. The exchange rates remain within a reasonably close range, with no single rates significantly higher or lower than the others around the same timeframe. This suggests that the market was relatively stable during the given period, without any severe shocks or unexpected news drastically affecting the exchange rates.
It's worth noting that due to the nature of this brief, external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports have not been considered. This could alter some of the perceptions, especially if significant market events occurred during this period.