2024-05-10 Hryvnia News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of the Exchange Rates
Looking at the raw data, the exchange rate of UAH seems fairly stable with small fluctuations throughout the day on May 9, 2024. The exchange rate started at approximately 0.03482 at midnight and ended at a slightly lower value of 0.03472 at the end of the day.
Trend Analysis
The overall trend for this single day is a minor decrease. The rate started at 0.03482, peaked at 0.03484 slightly past midnight, then slowly went downhill to end the day at 0.03472. This trend suggests a minor depreciation of UAH in relation to the other currency involved, within the day.
Seasonality and Recurring Patterns
Due to the short span of data (24 hours), it’s challenging to identify clear seasonal patterns or cycles. However, there is an observable pattern where the exchange rate tends to remain fairly stable with minor fluctuations throughout the day. Any noticeable deviation from constant range usually returns to the mean value shortly after, indicating mean-reversion trait of this exchange rate within a day.
Outliers
Outliers in this context would be instances when the exchange rate changes dramatically in brief periods. In this dataset, such dramatic changes are not evident. The fluctuations of the exchange rate remained within a small range of 0.03454 to 0.03484. There doesn't appear to be any significant outliers on May 9th, 2024. The fluctuations seem largely to conform to the general downward trend throughout the day.
Conclusion
In conclusion, the exchange rate of UAH on May 9th, 2024, demonstrated a minor depreciating trend and remained fairly stable throughout the day. No significant outliers were noted during this period. Please note that this analysis is based on a single day's data and doesn't account for larger trends or potential impacts from market events, economic indicators, or political shifts. For more accurate forecasting, it's essential to consider these broader factors and analyze a more extensive dataset.
![UAH exchange rate battles against economic headwinds in a rollercoaster day](http://currencymart.net/images/news/hryvnia/2024-05-10/img-dvAVA5eHHjQoBqyxExdxTqf0.webp)