2024-04-24 Euro News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
To begin, it is important to note that the data set covers the period of April 23rd, 2024.
1. Understanding the overall trend of the exchange rates
Based on the dataset provided, the overall trend of the EUR exchange rate shows a slight fluctuation. Starting from 1.45961 at 00:00:02, the rate quickly decreased, reaching its lowest of 1.45825 at 01:20:02. After this, the rate gradually increased, reaching its highest of 1.4634 at 02:35:02. Following this peak, the rate fluctuated but displayed a general downward trend, ending at 1.46309 at 23:55:02 - this is higher than the rate at the start of the day.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Due to the short timeframe of the data (one day), it is challenging to identify seasonality or recurring patterns in the exchange rate. The data is too limited to determine seasonality patterns which typically involve longer term (i.e., yearly) data.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality.
There are a few instances where the exchange rate differs significantly. For instance, at 02:35:02, the exchange rate peaked at 1.4634, which is a significant increase compared to the rate just half an hour earlier, 1.46011 at 02:20:02. Another significant decrease can be observed at 01:10:02 when the rate dropped to 1.45856 from 1.45904 just five minutes earlier.
Overall, given the fluctuating nature of the exchange rates, it's not unusual to observe these discrepancies within short intervals. Also, financial markets are influenced by numerous factors, and without considering external factors, these deviations can't be fully explained. However, these instances should be further investigated for more insights.