2024-05-17 Forint News
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2024-05-16
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
From the given dataset, it appears that the exchange rate for HUF remained relatively stable through the period of analysis. This can be deduced from the reoccurring value of 0.00384, with a slight dip to 0.00383 and a rare dip to 0.00382. A clear majority of the dataset experienced the exchange rate of 0.00384. There doesn't seem to be a highly visible trend of the rates increasing or decreasing significantly during this specific period.
2. Identifying Seasonality or Recurring Patterns in the Exchange Rates
Given the nature of the data and the stability of the exchange rates throughout the analyzed periods, it is challenging to identify a clear seasonality or recurrent pattern in the data. However, with more extended data or more significant variations in exchange rates, potential patterns or seasonality could become more apparent. As it stands, the primary pattern is the stability of the exchange rates over the given period.
3. Outliers Noted
Given the overwhelming presence of the 0.00384 value in the dataset, the small dips to 0.00383 and the rare dip to 0.00382 could be viewed as outliers within this specific data set. While these variations are quite minor and do not indicate a significant deviation from the norm, they are still notable given the frequency of 0.00384 as the dominant exchange rate during this period.
Please note that due to the lack of substantial changes in the data and the stability of the rate, this interpretation is relative to the given data set and might not be labeled as outliers within a larger, more varied dataset.
![Steadfast HUF Exchange Rate Defies Market Expectations](http://currencymart.net/images/news/forint/2024-05-17/img-B495kQTI3fKp3eqNvk0wOgrY.webp)