2024-05-09 Forint News
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend of the exchange rates
Based on the provided data, the exchange rate of the Hungarian Forint (HUF) over the observed period has remained relatively stable. The value varies between 0.00379 and 0.0038 throughout the day for the date provided (8th of May, 2024). Although there are minute variances, these changes do not indicate any significant upward or downward trend overall.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
As the data presented spans only a single day, it is challenging to accurately discern any seasonality or recurring patterns as these generally emerge from longer-term time series data. A single day's data is not suitable for determining seasonality. However, given the stable nature of the exchange rate within the day's timeframe, no clear time-based pattern can be observed in this instance.
3. Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Given the small variance in the exchange rate throughout the day, there are no apparent outliers or instances of significant deviations from the expected exchange rate based on the day's data. The exchange rate remains within the tight range of 0.00379 and 0.0038, which suggests a steady rate with minimal fluctuation.
![Stability Prevails Despite Tiny Fluctuations in HUF Exchange Rates](http://currencymart.net/images/news/forint/2024-05-09/img-A5sd03kytqSYdx2oFG4yKd7y.webp)