Sharp Dip and Slight Recovery A Look at GHS Exchange Rate Volatility
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Based on the data provided, the overall trend of the exchange rate appears to be relatively stable. The exchange rate has small fluctuations, but it generally ranges from 0.10085 to 0.10157 over the entire period. The series of data points does not exhibit a consistent upward or downward trend. There is, however, slight volatility observed in certain time frames, such as between 06:20:02 and 07:30:04, where a dip in the exchange rate from 0.10142 to 0.10129 is observed, and also near the end from 21:45:02 to 22:45:02, a rise from 0.10101 to 0.10103 is observed.
Seasonality and Recurring Patterns
Unfortunately, the data does not seem to exhibit strong seasonality or recurring patterns. The fluctuations in the exchange rate are relatively random and no clear cyclic patterns can be discerned from this dataset. However, it's important to note that foreign exchange rates can often have some intraday seasonality, related to the opening and closing of different regional markets, but in this case such pattern is not clearly evident.
Outliers Identifications
The dataset appears to be quite consistent and do not contain significant outliers. The exchange rate remains within a close range for the majority of the dataset. However, there appears to be a sudden drop at 06:25:02 when the rate changes from 0.10142 to 0.10106. Despite this dip, the rate quickly recovers and the overall course of the exchange rate remains largely unaffected.
In conclusion, this dataset suggests a generally stable exchange rate with some small fluctuations. Certain points of note - such as the dip around 06:25:02 and the small peak around 22:45:02- stand out. However, these changes seem to be the exception rather than the norm. It is also important to note that this analysis does not consider external factors that might potentially affect exchange rates, such as economic news or specific market events.