2024-05-22 Forint News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
Upon analyzing the data, it seems that the exchange rate (HUF) against time (timestamp) has generally remained stable throughout the period given. The exchange rate noticeably stayed constant at 0.00384 for extended periods, with brief moments where it increased to 0.00385. In essence, the data does not indicate a consistent rising or decreasing trend, but displays an overall trend of stability.
Identifying Seasonality or Recurring Patterns
The dataset does not provide any clear evidence of seasonality or recurring patterns within the exchange rates over time. The fluctuations between the 0.00384 and 0.00385 exchange rates appear sporadic rather than cyclic, and do not manifest at consistent intervals. An adequate representation of seasonality or recurring patterns might require an extended timespan or scrutiny of different variables not provided in this dataset.
Noting Outliers
In the context of this dataset, an outlier would be a significant deviation from the prevalent 0.00384 and 0.00385 exchange rates. Despite careful examination, no such outliers have been identified in the provided dataset. The exchange rate throughout the period lies strictly within these two values, which implies a steadiness within this timeframe.
Applications and Limitations
This analysis is purely based on the provided numerical dataset. Therefore, it does not take into account any external factors that could have affected the exchange rate such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Additionally, no future forecasts for the exchange rates have been generated as they were not requested. For a more detailed, nuanced analysis, these factors would need to be considered and more complex forecasting models might need to be applied.
![Steady HUF Exchange Rate Reflects Market Stability](http://currencymart.net/images/news/forint/2024-05-22/img-RlQzLmw080US0ZA4zExXMPUY.webp)