2024-05-22 Denar News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis Result:Overall trend of the exchange rates
The general observation from the dataset provided indicates that the MKD exchange rate has been relatively stable. Starting from approximately 0.02404 on 2024-05-21 00:00:02, the exchange rate fluctuates slightly over the timestamp covered, reaching its peak at 0.02412 on 2024-05-21 08:05:03 and its trough at 0.02401 on 2024-05-21 07:10:03. The range is rather small, reflecting a steady exchange market during this period.
Seasonality and recurring patterns
As for seasonality or recurring patterns, given the constraints of our dataset being limited to a single day, it is challenging to confirm specific seasonal trends. However, it is worth noting that the exchange rate exhibits a certain degree of volatility during the interval from 07:10:03 to 08:05:03 where it hits both the lowest and highest points. One might attribute this to potential regular daily market fluctuations as traders and investors begin the new trading day.
Outliers Significance
Considering the narrow band in which the exchange rate varies, there is no extreme outlier in the data provided. However, the points when exchange rate hits its peak and trough (07:10:03 and 08:05:03 respectively) can be viewed as mild outliers given they represent the maximum deviation from the average rate. They might be reaction points to economic news, policy adjustments, or large-scale transactions.
In conclusion, while the dataset provides an insightful snapshot of the behavior of the MKD exchange rates within a single day, a more extensive dataset would be desired for a comprehensive understanding of longer-term patterns, seasonality, and identification of significant outliers and triggering factors.![Consistent Stability Marks MKD Exchange Rates Throughout the Day](http://currencymart.net/images/news/denar/2024-05-22/img-G9UijVqIAxgaBa2ODKgXwh4E.webp)