2024-05-21 Forint News
2024-05-20
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
1. Understanding the Overall Trend
The overall trend in the dataset shows a degree of stability in the exchange rates throughout the entire period presented. There is a minuscule increase from 0.00382 to 0.00384 witnessed on 2024-05-20, a range of just 0.00002 difference. Therefore, while there is an upward trend across the timespan, it is incredibly steady and subtle, and it suggests a high level of market equilibrium during that specific period.
2. Seasonality and Recurring Patterns
Identifying seasonality or recurring patterns in exchange rate changes can be challenging given the dataset covers a very short period (less than a full day). A comprehensive seasonality or pattern analysis usually demands a wider time span to analyze at least a few full cycles of potential recurring variations. Nonetheless, within the available data, we can infer that the exchange rate remains mostly stable within five-minute intervals. For example, the rate stays constant between 2024-05-20 00:00:02 and 2024-05-20 00:05:02. It's essential to reiterate that this pattern might not apply to longer-term or different time frames.
3. Outliers and Unexpected Variations
The data over the period analyzed suggest a stable and constant exchange rate with little to no major fluctuations. There is no evidence in the data provided of significant outliers or unexpected variations from the overall trend. The rate does very subtly increase over time, but without enormous dips or peaks. This suggests a steady market condition during the covered period evenly balancing supply and demand. However, without consideration of external factors such as financial news or specific market events, this steady performance could vary
.In conclusion, the dataset reveals a stable state of the exchange rate within the specific covered period demonstrating a slight upward trend, with no significant deviations or unexpected variations. Nevertheless, this assessment is based strictly on the provided dataset, and broader market conditions or external events are not taken into account.