Unwavering Exchange Rate Phenomenon A Day of Remarkable Stability
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Comprehensive Analysis of Exchange Rate Dataset
1. Understanding the Overall Trend: The data provided for the exchange rates spans over a day, and throughout this day, the exchange rate of currency remains constant at 0.00049. Hence, there is no observed increase, decrease, or even fluctuation in the rates present in this particular dataset.
2. Identifying Patterns or Seasonality: As the exchange rate remains constant throughout the day, it is not possible to identify any recurring patterns or seasonality based on changes in the exchange rates. This data does not provide any indication of such patterns for this day.
3. Outliers: An outlier would be a point that deviates significantly from other observations. In this instance, since there is no variation in the exchange rates, there is no identified outlier in the dataset.
To conclude more broadly, a more comprehensive dataset that includes variations in the exchange rate over a longer time period may be necessary to identify trends, seasonality, or outliers. This may provide deeper insights into the dynamics of the exchange rates.