2024-05-10 Dalasi News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-09
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
Upon analyzing the given data, it is observed that the exchange rates (GMD) have shown minimal fluctuations over the course of the timestamps provided, i.e., 2024-05-09 00:00:02 to 2024-05-09 23:55:02. The exchange rate initially remained stable at 0.02025 from around 00:00:02 to about 01:00:02. It then slightly increased to 0.02027 around 01:20:02 but again decreased to stabilize at 0.02026. The rate again hit a maximum of 0.02027 around 01:40:02 and kept fluctuating between 0.02026 and 0.02027. Thereafter, the rate exhibited a subtle decreasing trend from around 07:35:03, reaching a minimum of 0.02018 around 13:55:03. For the rest of the time, the exchange rate mostly varied within the range of 0.02018 and 0.0202 with minor fluctuations.
Identifying Seasonality or Recurring Patterns
On close examination, no clear seasonality or specific recurring patterns can be identified from the data provided. While there is a degree of variability present in the data, there isn't a clear set pattern - such as a specific time of day where the exchange rate consistently increases or decreases. Such patterns might be buried under the intra-day volatility and thus are not easily discernible from the provided data.
Noting Outliers
No notable outliers or instances where the exchange rate differs significantly from the general trend can be observed based on the data provided. The maximum and minimum exchange rates for the given period only differ by a small margin, and rates seem to oscillate within a tightly controlled range. This suggests a highly stable market behaviour without any unexpected swings during the analyzed period.
Please note that for a more in-depth analysis, additional data detailing other possible influencing factors (market opening/closing hours, weekends/holidays, key financial news, etc.) might be required, but I understand that this analysis should not consider them.![Churning Stability: Microscopic Fluctuations in GMD Exchange Rate](http://currencymart.net/images/news/dalasi/2024-05-10/img-7XxBm7OSLFkvg9wo4MskP09t.webp)