2024-04-23 Denar News
2024-04-22
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
General Trend Analysis
Glancing at the provided data, it appears that the MKD exchange rate stays relatively steady over this period. The rate fluctuates between a narrow band of approximately 0.0237 and 0.0238, differing only in the 4th decimal point which signifies minor volatility. It starts at 0.02376, reaching a minimum value of 0.0237 and a maximum of 0.02379 before ending at a similar level where it started with 0.02372, therefore, no significant trend of overall increase or decrease is discernible from this data.
Seasonality and Recurring Patterns
Regarding the search for seasonality or recurring patterns, due to the high frequency time series data with 5-minute intervals and small variations, more sophisticated time series analysis techniques would be needed for confident identification of these patterns which is beyond scope of this examination. However, visually, there is no readily identifiable recurring pattern in the data that signifies regular seasonal effects during this period.
Identifying Outliers
In this data set, an 'outlier' is considered as a data point that is significantly different from the others. However, the values of the exchange rate remain closely packed within a very thin range. Therefore, there don't appear to be any obvious outliers or radical differences in the exchange rate compared to the majority of data points. This is indicative of a stable market condition for this particular currency pair during this period.
Conclusion
The MKD exchange rate appears to be generally stable over the period covered by this dataset, with minor fluctuations suggesting a balanced supply and demand within this market for these particular hours. There are no clear seasonal/intra-day patterns or discernible outliers which in itself is an interesting finding as it indicates stability during this period.