2024-04-16 Lari News
2024-04-15
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
Understanding the Overall Trend
The overall trend of the exchange rates indicates slight fluctuation with minor decrement over the period shown. Looking at the time series data provided, it can be gathered that GEL exchange rate has shown a slow yet gradual decrease. However, the changes are not extremely dramatic and the rate seems relatively stable with minor fluctuations.
Seasonality or recurring patterns
As it is a time-series for a day, it might be difficult to ascertain recurring patterns or seasonality within the data. The daily fluctuations seem standard, demonstrating that the exchange rates fluctuate depending on the trading behavior at different times of the day. A more extended time series dataset would be required to confirm any significant seasonality or recurring patterns.
Outliers identification
In a brief inspection of the data provided, no significant outliers were observed. The data seems to huddle around a central range, and does not exhibit a large degree of variation. This shows a relatively stable and ordinary fluctuation of exchange rates for a day period that would be expected in foreign exchange data.
Analysis Summary
- The overall trend shows minor fluctuation with a slight decrease in the exchange rate value over the time period given.
- As for seasonality or recurring patterns, it's challenging to ascertain within the provided data as it corresponds to just one day. An extended dataset would be helpful to elaborate on this point.
- Based on this data snippet, no significant outliers are observed showing standard foreign exchange market fluctuations.
Note: This analysis is based solely on the provided time series data and does not take into account external factors (like market hours, weekends/holidays, financial news or reports etc.) which can have substantial influence on the foreign exchange rates.