2024-04-30 Gold News
2024-04-29
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
Overview of the Data
During the period provided, the exchange rates ranged between 3174.60317 and 3205.12821. Thus there is a noticeable movement and fluctuation across the different timestamps, however, it should also be noted that the changes are not drastically large.
Overall Trend of Exchange Rates
Upon analyzing the data, it seems that the exchange rate does not distinctly increase or decrease over time. The data seems to oscillate between certain values rather than following a clear ascending or descending pattern. This suggests the exchange rate remains around a specific value with occasional spikes and drops. The most frequent exchange rate appearing in the data is 3194.88818.
Seasonality or Recurring Patterns
No clear seasonality or recurring daily patterns could be observed from the provided data. The data seems to fluctuate in an irregular manner, with multiple instances of the same exchange rate appearing consecutively and then suddenly dropping or rising. Further investigation using a more sophisticated time series analysis technique might reveal any underlying patterns that are not immediately apparent.
Outliers within the Data
There are a couple of outliers in the data where the exchange rate has significantly dropped or risen. For instance, the exchange rate has dropped to 3174.60317 twice during the time period covered by the dataset. On the higher end, the exchange rate also reached 3205.12821 a few times.
These fluctuations could be due to various market factors. However, according to your instruction, these external influences have not been taken into account in this analysis.
Conclusion
Conclusively, the data doesn't seem to follow a clear trend or recurring pattern. The exchange rates rather appear as steady with occasional drops and rises. While there are outliers in the data, they are less common and, in the absence of other data, could be assumed to be linked to fleeting market events. Without considering external factors and due to the random nature of price changes, a concrete forecast of exchange rates is not possible from this data alone.
