2024-05-22 Dalasi News
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend
Observations from the data showed a predominantly stable exchange rate, commonly fluctuating around 0.02012 to 0.02013 over the entire period. We can deduce a slightly declining trajectory (from 0.02013 to as low as 0.0201) from the start of the period until around 07:00:03 on 21st May 2024. Following this, the period witnessed a brief hike, with the rate peaking at 0.02018 at 08:05:03. Post this point, the rate slowly descended back, ultimately stabilizing around the 0.02014 mark for the remainder of the period, with marginal fluctuations.
2. Seasonality and Recurring Patterns
Given the time span of a single day, the data doesn't provide clear seasonal patterns. Precise seasonality in financial data generally requires multiple cycles of data across a broader time span. However, on this particular day, the exchange rate saw a decline from midnight leading up to the early morning (around 07:00). This was followed by a brief increase, peaking at around 08:05. Soon after, it returned to a stable and slightly lower level for the remainder of the day.
3. Outliers and Significant Variations
The 0.02018 mark hit at 08:05:03 could potentially be seen as an outlier, given it varies significantly from the remaining values in this dataset. However, it's important to note that without a broader, contextual dataset, true outliers are challenging to identify definitively, especially in financial data, which is often characterized by random walk patterns.
It's noteworthy that the data does not depict an unexpected exchange rate jump, which would typically be triggered due to significant macroeconomic news or fundamental changes in the underlying economic conditions.