2024-03-12 Denar News
2024-04-23
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. General Trend Analysis
After analyzing the time-series data provided, it can be observed that the MKD exchange rates tend to exhibit a relatively stable trend throughout the given time frame. There are small fluctuations in the rates, oscillating between a minimum of 0.02367 and a maximum of 0.02380. However, these fluctuations do not suggest any clear or consistent pattern of increasing or decreasing rates. Instead, the data seems to maintain a consistency in staying within the aforementioned range.
2. Seasonality and Recurring Patterns
In terms of seasonality or recurring patterns, the current data provided is insufficient to confidently detect any. The data covers a span of only one day, but typically, patterns of this type are recognized over larger periods, such as weekly or monthly intervals. Bearing this in mind, there isn't an opportunity to detect any obvious daily patterns in this data set. Furthermore, the data appears to be quite random with no discernible repetitive shifts that might indicate a seasonal or recurring pattern.
3. Identification of Outliers
Examining the data for potential outliers, it's important to note that in the context of financial markets, an outlier would typically be an exchange rate that is significantly different than the rates immediately before and after it. In this dataset, no such instances were found. All changes in the MKD exchange rates were minimal, and no single rate differed significantly from its neighbouring rates. Therefore, it is reasonable to conclude that there are no outliers in the given dataset.