2024-05-16 Indian Rupee News
2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Upon initial observation of the provided data, it's apparent that the exchange rate tends to fluctuate between 0.01629 and 0.01636 over the duration of the given period. The variation in exchange rate appears to be minimal, suggesting that the INR exchange rate remained relatively stable during this time frame.
Seasonality and Recurring Patterns
Based on the given data, it is not immediately apparent whether there is a consistent seasonality or recurring pattern in the exchange rate fluctuation. With the data given, it's challenging to determine whether there is any prominent daily, weekly, monthly or yearly pattern or cycle in the exchange rate. The data would need to be plotted and analyzed further for seasonal decomposition in order to establish if there are any recurring patterns or seasonality.
Outliers
In terms of outliers, the fluctuations in the rate seem mostly uniform, and there don't appear to be any extreme values that significantly deviate from the overall trend. All the values appear to be concentrated around a specific range and there are no major spikes or falls in the exchange rate. This suggests that there were no significant unpredictable events influencing the exchange rate during this period.
Exclusion of External Factors
As per the request, this provided analysis does not consider the effects of external market factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. However, it should be noted that these factors can often have a material impact on exchange rates, so excluding them could limit the comprehensiveness and accuracy of this analysis.
Finally, it would be possible to perform a more detailed and comprehensive analysis with more extensive data and by considering additional elements like volatility analysis, moving averages, etc. These could add depth to the understanding of the INR exchange rates trends and fluctuations.
