2024-05-15 Denar News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understand the overall trend of the exchange rates
The overall trend for the exchange rate data provided for MKD shows a general stability. The fluctuations in the exchange rate over the period do not suggest a consistent increase or decrease: the rate constantly fluctuates around a point with minor changes, staying largely within the same range from above 0.02386 MKD to below 0.02402 MKD.
Identify any seasonality or recurring patterns in the changes of exchange rates
From the provided data, it is hard to detect a clear seasonality or a recurring pattern. The provided data shows an intra-day time period, limiting the ability to examine and identify long-term seasons or trends such as weekly, monthly, or quarterly cycles. Therefore, in the confines of this dataset, there does not appear to be a clear recurring pattern or seasonality.
Note any outliers
Considering the narrow fluctuation margin of the exchange rate in the dataset (from above 0.02386 MKD to below 0.02402 MKD), it appears there are no major outliers where the exchange rate has spiked or dropped significantly on any given timestamp. However, a deeper statistical analysis (via standard deviation or interquartile measures) may provide a more accurate detection of outliers if present.
Please note that this analysis is based on the provided dataset and does not take into account additional factors such as market conditions, foreign exchange rates, economic indicators or financial news. For a comprehensive and accurate financial analysis, these factors should be taken into consideration.
![MKD Exchange Rates Exhibit Remarkable Stability in 24-hour Period in 2024](http://currencymart.net/images/news/denar/2024-05-15/img-pzpeZGfskl1Del3Agh75TYQc.webp)