2024-05-01 Gourde News
2024-04-30
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 of The Exchange Rates
The dataset provided offers an insight into the HTG exchange rate from midnight to midnight on April 30, 2024. Following a float value analysis, it can be seen that the rate originally hovers around 0.01032 for the first hour, then gently rises to 0.01033 during the second hour, and remains largely steady for the next hour. Afterwards, there is a gradual fall back to 0.01032 which continues for some time. Around 07:40, there is a jump to 0.01034, and this rate continues to increase gradually until it reaches a peak of 0.01039 at 16:00. This peak exchange rate is maintained until about 20:00, when it falls to 0.01032 and fluctuates slightly around this value until midnight.
Identifying any Seasonality or Recurring Patterns in The Changes of Exchange Rates
Although the dataset only covers one day's worth of data, several patterns can be discerned. The rate remains relatively stable across most of the day with slight increases and decreases. Noticeably, there is a slight increase at the start of the day until the second hour holding on to the increment for the subsequent hour before falling back slightly then a substantial leap after approximately seven and a half hours. Post the increase, it retains the new rate for approximately four hours and then peaks, post which it maintains the peak for about four hours before a decrease in the evening. This could indicate a recurring daily pattern, but a more data covering longer periods would be required to verify this pattern.
Noting any Outliers, or Instances Where The Exchange Rate Differs Significantly From What Would Be Expected Based on The Trend or Seasonality
As per the pattern observed, two points stand out as potential outliers. First, the significant increase at 07:40, when the rate jumps from 0.01031 to 0.01034, which is a slightly larger increase than observed in other hourly changes. Second, around 16:00, the rate slightly increases to 0.01039. The evening decrease also stands out as the rate drops from 0.01039 to 0.01032. These three instances are noticeable as they deviate from the mild fluctuations experienced throughout the rest of the day. However, these deviations are only slight and may not be statistically significant as outliers.