2024-05-01 Convertible Mark News
2024-04-30
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
The overall trend of the given exchange rate (BAM) data from 2024-04-30 00:00:02 to 2024-04-30 23:55:02 tends to increase. The opening rate was 0.74957, and the closing rate was 0.75081. During this period, the rate has generally seen minor fluctuations, indicating a more or less stable market. However, the highest point at 0.75570 and lowest point at 0.74957 indicate a range of variance within the day.
Identifying Seasonality in Exchange Rates
From the given data, establishing the presence of any seasonality or recurring patterns is tricky without analyzing a longer time period. A daily exchange rate data is insufficient to conclude a seasonal trend. However, we can observe short cycles where the exchange rate increases or decreases periodically throughout the day, indicating intraday volatility.
Outliers in Exchange Rates
- At 2024-04-30 07:40:02, the BAM rate jumped significantly from 0.74987 to 0.75242, a substantial jump in a short amount of time.
- At 2024-04-30 20:00:03, the rate fell notably from 0.7556 to 0.75089 in 15 minutes. This drop was one of the largest seen during this period.
Both of these outliers represent substantial deviations from the established trend at their times. These peaks in rate fluctuations might be influenced by factors outside this dataset, such as market events or other economic indicators.
Additional Observations
The highest exchange rate (0.75570) was observed at 2024-04-30 19:25:03, while the lowest rate (0.74957) was the first recorded datapoint at 2024-04-30 00:00:02. It indicates that the rate has surpassed its highest point in the day near the market closing time, suggesting potential market influencing factors.
Remember, financial markets are complex, and while data analysis such as this can provide some insights, it is limited by the data provided. In reality, many additional factors like geopolitical events, economic indicators, market sentiment, etc., can impact exchange rates and their volatility.