2024-05-14 Forint News
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2024-05-13
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
Looking at the dataset provided, let's break down the analysis into requested sections:
Understanding the Overall Trend
The overall trend of the HUF exchange rate is that it's quite stable with only minute fluctuations. The exchange rate starts from 0.0038 and remains steady for a significant duration in the dataset. Later, it experiences a slight increase to 0.00381 and remains consistent for another considerable duration. Towards the latter part of the entire timeline, the rate experiences another slight increase to 0.00382 before coming down again to be stable at around 0.00381. These shifts are very minimal and hence, it can be concluded that the exchange rate is generally consistent with slight fluctuations.
Seasonality and Recurring Patterns
Given that the provided data is for a single day, it's difficult to confidently identify any seasonality or recurring patterns within this set of data. However, the exchange rate seems to experience minor increases after regular intervals. Further data would be required for a more extended period to accurately determine any seasonality or recurring patterns in the exchange rate.
Outliers in the Exchange rate
Based on the given dataset, there aren't any significant outliers or instances where the exchange rate differs significantly from what would be expected based on the trend. All fluctuations in the HUF exchange rate are within a negligible range and do not suggest any volatile activity within this single day.
Overall, the observation from this data is of a stable exchange rate with minor fluctuations.
![Stability Reigns as HUF Exchange Rate Holds Steady](http://currencymart.net/images/news/forint/2024-05-14/img-PsBM2OWIZ0geijEJqXDBkouf.webp)