2024-05-21 Euro News
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2024-05-20
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
Understanding the Overall Trend
Based on the provided data, there appears to be notable fluctuations in the Euro exchange rate over the given time period. While the exchange rate does not remain entirely stable, the variation indicates a certain level of fluidity within the market conditions. Moreover, there is no consistent and distinct upward or downward trend discernable from the dataset. The exchange rates rise and dip intermittently implying market volatility during the monitoring period.
Identifying Seasonality and Recurring Patterns
An in-depth analysis of the dataset does not reveal any clear seasonal trend or recurring pattern in the Euro exchange rates. The exchange rates seem to be influenced by multiple factors, none of which have manifested in a consistent, repeating manner within the given timeframe. The unpredictability and absence of a repetitive pattern suggest a competitive and dynamic currency exchange market.
Identifying Outliers
Outliers in a financial context are instances where the observed data deviates significantly from the established trend. Based on the provided data, there seem to be several instances where the Euro exchange rate drastically increased or decreased at different points. These could be said to be outliers based on their deviation from the average exchange rate during the observation period. However, the calculation of a detailed numerical threshold for qualifying outliers was not possible merely from the brief dataset provided.
![Notable Surge in EUR Exchange Rate Observed on 20th May](http://currencymart.net/images/news/euro/2024-05-21/img-KsxUhNqTDQuh7FbvlmCe3foU.webp)