2024-05-17 Convertible Mark News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
The initial exchange rate noted at the beginning of the time period in this dataset is 0.75789. By the end of the period, the exchange rate is 0.75681. Hence, there is a minor decrease in the exchange rate over this time period. However, the rate fluctuation is minimal and overall, the exchange rate remains fairly stable.
Identifying Recurring Patterns
As per the data provided, there is an observable hin-and-flow pattern within the data. The rate seems to experience minor increases and then compensatory decreases, maintaining overall stability. However, without specific timestamps attached to the different points of data, it's not possible to assert on the cycles of these increases and decreases, and whether they correspond to specific days of the week or times of the day.
Noting Outliers
Given the very minor fluctuations and the stable trend of the rate, numerous instances can be considered as outliers in this dataset. These outliers are the values that deviate more significantly from the average exchange rate. Particularly, the rates that rise as high as 0.75927 and sink as low as 0.75646 can be considered as outliers, as they deviate from the established average exchange rate in this dataset more than other points of data.
It's important to note that, to have a comprehensive view of any outliers, actual graphical representations and an evaluation based on standard statistical parameters such as standard deviation and variance can provide a holistic picture.
![Surge in BAM Exchange Rate in the Early Trading Hours](http://currencymart.net/images/news/convertible-mark/2024-05-17/img-0FpcL0lbrciZY0yRtgcgSu3g.webp)