2024-05-02 Gourde News
2024-05-01
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
From the dataset provided, there is little variation in the exchange rate for much of the time. For the majority of the dataset, the exchange rate remained stable at 0.01032. However, at the timestamp 2024-05-01 06:20:02, the exchange rate started to see some minor fluctuations. It slightly dropped to 0.01031, then increased, dropped, and increased again in the following timestamps, reaching as high as 0.0104. Nonetheless, the changes in rates are relatively small.
Identifying Seasonality or Recurring Patterns
Given the short period of time represented in this dataset (a single day), it's not possible to identify longer-term seasonality or recurring patterns accurately. However, a discernible pattern is that the rate starts to fluctuate more from 06:20:02 onwards. This indicates that the time of day might be a significant factor influencing the exchange rate. Perhaps the opening hours of global financial markets might be contributing to this increase in volatility. Further analysis with larger datasets, spanning over multiple days, weeks, or even years, would be required to confirm any seasonality or recurring patterns.
Noting any Outliers
In this dataset, there don't appear to be any significant outliers as such. The fluctuation in the rate within the period stays within a tiny range. The largest rate recorded was 0.0104, and the least was 0.01031, representing a minimal gap. Therefore, no significant deviations from the general trend have been observed.