2024-04-30 Forint News
2024-04-29
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
Overall Trend of the Exchange Rates
Looking at the given data points, it is clear that the HUF exchange rate is relatively stable throughout the time period. It predominantly sticks to the value of 0.00373. A noteworthy variation from this seems to be rare. Nonetheless, minor fluctuations are evident when observant of the detailed data. The value shows an increase twice, tilting towards 0.00374 and 0.00375, but it subsequently returns back to 0.00373. The rise is not significant enough to depict a strong upward trend, it's rather representing a minor surge amidst a predominantly constant scenario. The data does not indicate a clear increasing or decreasing pattern.
Seasonality or Recurring Patterns
Seasonality refers to regular and predictable changes that recur every calendar year. Any predictable fluctuation or pattern that recurs or repeats over one year is considered to be seasonal. In the context of this dataset, it is not possible to discern any clear seasonality or recurring patterns in the exchange rate fluctuation due to the short time-span covered by the data (only 1 day) and the persistently constant value. A much longer time-series data, potentially spread over months or years, would be needed to perform a meaningful seasonality analysis.
Notable Outliers
We can observe a few instances where the exchange rate slightly differs from the vast majority value of 0.00373. At certain time slots, the value slightly bumps to 0.00374 and even to 0.00375. However, considering the narrow range of rate variation in the dataset, these instances can't be dramatically labeled as outliers. They rather depict nominal short-lived fluctuations in the exchange rate. The exchange rate generally stays relatively stable, and there are no drastic or unanticipated changes observed in this dataset.
As per request, market-related external factors and forecasting for future rates were not taken into consideration for this preliminary analysis.