2024-04-26 Denar News
2024-04-25
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. Understanding the overall trend of the exchange rates
Upon observation of the provided dataset, the MKD exchange rates are seen to fluctuate between 0.02379 and 0.02386 throughout the day. However, the changes in the exchange rate do not seem drastic. The rate primarily remains within a very narrow range, indicating a stable currency exchange rate. There is a slight increase around the 2:15 timestamp where the rate reaches its maximum of 0.02386 and minor decreases near the 3:05 and the end timestamps reaching a minimum of 0.02379, but overall the trend appears to be quite stable with minor fluctuations.
2. Identifying seasonality or recurring patterns
Since the data only spans over a single day, it is difficult to track any observable seasonality or pattern related to weeks, months, or seasons within a year. However, when scrutinizing intraday patterns, it is observable that the rates decline slightly after the peak at 2:15, and the lowest points are reached around 3:05 and towards the end of the dataset. While these patterns require further data collection for validation, they could point to daily cyclical patterns in the exchange rates.
3. Noting outliers
Given the stability of the currency's exchange rate and minor range of fluctuation, there don't appear to be significant outliers in this dataset. While minor peaks and troughs can be observed at certain timestamps such as 2:15 and 3:05, they don't differ significantly from the mean to be considered as outliers.
This dataset's trend and patterns align with the nature of currency exchange rates that tend to fluctuate throughout the day but usually within a rather consistent range. They are influenced by market supply and demand, and while they can be affected by a variety of factors, within a stable economy, dramatic shifts within a short period such as a day are not common.