2024-05-17 Kuna News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the provided dataset
Based on your request, below is a comprehensive analysis of the dataset provided:
1. Understanding the overall trend of the exchange rates
Upon reviewing the data, it appears that the HRK exchange rate has remained constant at 0 for the entire period as showed in the timeseries data provided. As per this given data, there is no trend to be observed in the data because the exchange rate has never changed.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
Since the exchange rate remains unchanged throughout the entire time period, we cannot identify any seasonality or recurring patterns. Typically, if there had been changes in the exchange rates, we could have looked for hourly, daily, or monthly patterns. However, in this case, due to the absence of any variation, we cannot identify any patterns.
3. Noting any outliers or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Given that the exchange rate remains constant at 0 throughout the entire period, it means there are no outliers in the given data, since an outlier would be characterized by a value significantly different from others.
Additional Considerations
This analysis is based solely on the dataset given and does not consider any external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. In addition, this analysis does not forecast future exchange rates. Better results might have been obtained if the exchange rate fluctuated in the provided data or more data points were provided.
Please note, a constant value of an exchange rate over such a long period is unusual and might signify an issue with the data collection process. It is recommended to check the data source or collection methods if this analysis is to be used for any serious financial considerations.
![Unprecedented Stagnation in HRK Exchange Rates Causes Concern Market](http://currencymart.net/images/news/kuna/2024-05-17/img-cgSX20vh8Prg9o9TQGbJQrIU.webp)