Minor MKD Exchange Rate Fluctuation Trends Seen Over 24Hour Period
2024-04-15
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of the Exchange Rates
Observing the given data, it can be seen that the MKD exchange rate generally remained stable throughout the period observed. It started at a value of 0.0238 at the start of the dataset and ended at 0.02381, showing a slight increase. However, this change is minimal and can be considered as it remained at a stable value.
2. Identifying Seasonality or Recurring Patterns
Based on the dataset, it doesn't seem to have a clear seasonality pattern in the MKD exchange rates. The fluctuations in the exchange rate do not show any definitive periodic or recurring pattern. Therefore, it can be interpreted that the data does not demonstrate any observable seasonality in this context.
3. Identifying Outliers
Outliers or unusual fluctuations are hard to identify in financial time-series data without using statistical methods. Nonetheless, an overlook of the data indicates that there are no significant deviations or outliers present in this dataset. The MKD exchange rates remain in the fraction of 0.023 with roughly 2 fractional points difference at maximum. We may consider these minor fluctuations as the part of the dynamic nature of exchange rates, not outliers. However, a more robust outlier detection would require a deeper statistical analysis.