2024-05-07 Indian Rupee News
2024-05-06
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
To analyze the given dataset, let's first understand how the exchange rates fluctuate over time.1. Understanding the Overall Trend of Exchange Rates
The given dataset captures the date-time with the corresponding INR exchange rate. Upon initial analysis of the data, it appears that the exchange rates have a very minor fluctuation as the values range between 0.01635 and 0.0164. Indicating only a minor shift in the exchange rate throughout the time frame covered in the dataset. This observation clearly depicts a general stability in the exchange rates over an extended period from 2024-05-06 00:00:02 to 2024-05-06 23:55:02. There isn't a distinctive upward or downward trend.
2. Identifying Seasonality
As the data provided is for a single day only, it would not be accurate to deduce any seasonality or recurring patterns. To generate a meaningful analysis of seasonal trends, we would need data over a much more extended period, preferably over a year, to account for any potential change in rates due to seasonal periods such as fiscal quarters, holidays, and so on.
3. Noting Any Outliers
Considering that the entire dataset revolves around a limited range of values (0.01635 - 0.0164), there doesn't appear to be any notable outliers where the value differs drastically from the normal. An outlier in this context would have been a value that significantly deviates from this range.
Conclusion
In conclusion, the INR exchange rate dataset for the given day shows a stable trend with no significant deviations, suggesting a relatively stable currency exchange market for this specific day. However, it bears repeating that these findings are based on a limited data range of a single day and certain influencing factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports have been excluded from consideration during this analysis as per the initial instructions.