2024-05-17 Lari 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
Overall Trends in Exchange Rates
The dataset provided contains data for the GEL exchange rate over a specific period. From the first look at the data, there seems to be a general upward trend in the exchange rate with a few slight variations along the way. The rate starts at 0.49211 around 00:00:02 on 16/05/2024 and ends at 0.49548 around 23:55:01 on the same day. Although there are periods where the exchange rate decreases slightly, the overall trend appears to be climbing.
Seasonality and Recurring Patterns
The data set provided does not span a long enough period to make a definitive statement on seasonality. Usually, seasonal patterns or trends would be observed over a year or more. However, within the limited timeframe provided, the GEL exchange rate does show a repeated pattern of rising and falling, indicating that there might be intra-day seasonality or patterns associated with specific hours of the day.
Outliers in the Exchange Rates
An outlier in this scenario would be a value that deviates significantly from the range of values seen throughout the period. A definite spike in the value is seen at the timestamp '2024-05-16 10:15:02' where the exchange rate jumps to 0.51399 from 0.51382 and then dips drastically to 0.50069 at the timestamp '2024-05-16 10:20:03'. This could potentially be an outlier and can be attributed to a large financial event, a prime time for the financial market, or other unforeseen variables. Without any more specific context, this event can be classified as an anomaly or outlier.
External Factors
While analyzing the data, no specific consideration was given to market opening/closing hours, weekends/holidays, or the release of key financial news and reports. The analysis is purely based on the numbers presented and does not take into account any real-world occurrences that may have impacted the exchange rates.
Forecasting
As per the given task, no future forecasts have been made about the GEL exchange rate. The analysis is built solely around the provided historical data.
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