2024-05-21 Hryvnia News
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2024-05-20
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 Exchange Rate Trend
Based on the provided time-series data, the general trend of the UAH exchange rate exhibits a slight upward bias. The data starts at a rate of 0.03459 and ends at 0.03438. Though there are small fluctuations, the overall trend suggests a marginal increase in the UAH exchange rate over the period.
Seasonality and Patterns in the Exchange Rate
While identifying specific seasonal patterns or recurring patterns in exchange rates requires more sophisticated statistical analysis methods, a basic visual inspection of the provided data does not clearly demonstrate strong seasonal effects. The fluctuation appears to be quite random instead of following a specific repeating pattern over the daily, weekly, or monthly cycle.
Outliers in the Exchange Rate
There are a few potential outliers within this dataset, where the value either increases or decreases significantly compared to the surrounding data. However, these instances are relatively infrequent. Given that these do not align with a regular pattern, these anomalies may be due to error or unexpected events rather than a predictable change in the exchange rate. To truly determine if these are outliers, further diagnostic tests would be needed.
In conclusion, there is a subtle upward trend in the UAH exchange rate over the period in question. There is limited evidence of seasonal or recurring patterns and a few potential outliers are present. Further in-depth analyses, possibly with the incorporation of supplementary external factors, may be necessary for a comprehensive understanding of the UAH exchange rate dynamics.
![Remarkable Stability in UAH Exchange Rates on May 20, 2024](http://currencymart.net/images/news/hryvnia/2024-05-21/img-XMVkCVXTWlQ9gRZ0U5zXERVE.webp)