2024-04-26 Dalasi News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of GMD Exchange Rates
The dataset provided includes time-series data of GMD exchange rates. The given data spans over the period of a single day, namely 25th of April, 2024. The exchange rates presented are timestamped nearly every 5 minutes, providing an in-depth view of intraday rate fluctuations.
Trend Analysis
The data provided indicates a general decrease in the exchange rate throughout the day. The rate started at 0.02015 and ended at 0.0201, demonstrating a slight downward trend. While the change may seem minimal at first glance, such minute fluctuations in exchange rates can potentially lead to significant profit or loss in foreign exchange (forex) trading.
Seasonality and Recurring Patterns
In terms of seasonality or recurring patterns, it's crucial to note that this dataset only comprises data from a single day. While it's therefore insufficient for identifying seasonal effects or long-term trends, some intraday patterns can be observed. Specifically, there appear to be periods of relative stability (like between 00:00:02 and 00:55:02, or between 01:25:02 and 03:05:02), followed by periods of mild rate decreases.
Observation of Outliers
Regarding outliers, there's a visible spike at the timestamp 08:15:02, where the rate briefly increases to 0.02021 before returning to the overall downward trend. This could be due to a variety of factors such as sudden market sentiment shifts, a major trade, or other events influencing short-term supply and demand. However, without additional information, the exact cause cannot be specified.
It's worth noting that these results are derived solely from the brief data snippet provided, which means they represent a single day's patterns and may not necessarily apply to other periods.
