2024-05-22 Euro 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
Overall Trend Analysis
From an initial glance at this data, it appears that the exchange rate of the Euro tends to fluctuate within a relatively narrow range over the timeframe of the dataset. There is an observable volatility in the values over time, with exchange rates experiencing both valleys and peaks.
Seasonality Analysis
A thorough time series analysis would ideally include graphs or visuals to identify seasonal trends. However, based purely on the numerical data provided, there is no clear evidence of any seasonal or recurrent behavior during the time periods analyzed. For a detailed and accurate seasonal outlook, a more extended dataset covering multiple years would give more reliable results.
Outliers Identification
With the data provided, we can identify a couple of substantial dips and spikes which may be considered outliers. However, without a more profound statistical analysis or a specific definition of what threshold constitutes an outlier, the identification might not be accurate. It's important to note that such outliers could be a result of various factors like sudden changes in market conditions, significant news events, or even potential data collection errors.
Conclusion
In conclusion, this dataset of Euro exchange rates demonstrates short-term volatility within a relatively narrow range. Without specifics of market hours and financial events, this analysis is a straightforward overview based on the dataset provided. As cautioned, each and every financial analysis should be used in conjunction with other data sources and market knowledge for decision making.
![EUR Exchange Rate Demonstrates Noteworthy Fluctuations Throughout the Day](http://currencymart.net/images/news/euro/2024-05-22/img-UXWaJHp0zPyMyP0OvW8tzcrA.webp)