INR Remains Steady Despite Global Market Volatility
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend
The overall trend of the exchange rates seems to show a slight fluctuation. The rates hover around 0.01637 to 0.01639 for the most part. It stays relatively flat with small oscillations. There do not appear to be clear signs of a strong increasing or decreasing trend within the given periods. This suggests that the INR exchange rate was relatively stable during this time period.
2. Seasonality or Recurring Patterns
There is no clear evidence of seasonality or recurring patterns from this data set alone. Exchange rates can be influenced by various factors – supply and demand, economic indicators, geopolitical events, and so forth. Hence, it is difficult to determine a distinct pattern or seasonality with the given time series data alone.
3. Outliers
From the data provided, there do not appear to be significant outliers. Most fluctuations in the INR exchange rate was within a small interval, and no unusual spikes or dips can be observed. It would be beneficial to include a measure of dispersion, such as standard deviation, to the statistical analysis for a more thorough scan for possible outliers.
Please note that this analysis is a basic examination of the data provided and does not take into account external influences such as economic conditions, market events or shifts in monetary policy, among other factors, that could drive changes in exchange rates.
Finally, remember that while past trends and patterns can give us some insights, they are not always indicative of future performance. Always consider multiple factors and sources when making decisions based on financial data.
