2024-05-14 Denar News
2024-05-13
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
Overall Trend of Exchange Rates
The overall trend of the MKD exchange rate for the given frequency of 5-minute intervals on 13th May 2024 shows minor fluctuations, but largely remains quite stable over the observed period. It is observed that there is a very slight upwards trend from a rate of 0.02392 to 0.02398 throughout this day. Although such a marginal increase may not appear significant when considering individual transactions, it does represent a relative growth in currency strength over time that could have sizable impacts in large scale or long-term financial activities.
Seasonality and Recurring Patterns
With respect to seasonality or recurring patterns, there seem to be none. Given that the data represents just one day, it may not be sufficient to definitively establish the presence of a seasonal trend based purely on intra-day analysis. It would require historical data spanning across multiple months or years to accurately identify any seasonality, monthly or yearly patterns. However, based on the given day’s data, there aren't observable patterns or cyclical fluctuations that stand out.
Outliers and Unexpected Fluctuations
There aren't significant outliers or drastic swings within this dataset. The exchange rate exhibits small deviations around a central value without larger unanticipated spikes or drops. This suggests a fair stability in the exchange rate at least within the given timeframe. However, it is recommended to have an extended data history to identify outliers effectively, as some could occur due to market impacting events such as large-scale trades, geopolitical events or significant economic news releases.
Inferences
Based on this basic analysis, the MKD exchange rate on 13th May 2024 remains highly stable. It exhibits a minor upward trend and lacks any significant outliers or notable seasonality and patterns. However, this analysis is purely quantitative and assumes that the exchange rate changes follow a predictable, recurring trend shaped by historical data. It is crucial to bear in mind, especially with financial time-series, external factors such as economic indicators, geopolitical events, and market sentiment can greatly influence the currency rates.