2024-05-21 Lari News
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2024-05-20
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
Overall Trend Analysis
The GEL exchange rate shown in this dataset appears to have an upward trend from the start until the end of the provided data set. More specifically, the rate starts at around 0.49465 and ends at about 0.4987. This indicates an overall increase over the provided period. However, it should be noted that the rate fluctuates within a narrow range throughout the day, with slight peaks and valleys visible.
Seasonality and Recurring Patterns
Given the data, it is difficult to determine any clear seasonality or recurring patterns on a daily basis. However, there seem to be several micro-trends within the day. The rate tends to increase during certain periods and decrease during others. The factors contributing to these fluctuations could be related to trading hours or daily financial events, but further analysis would be needed to determine this accurately.
Outliers Analysis
Considering the dataset, there are no significant outliers present. The exchange rate stays within a relatively tight range throughout the day. There is a notable jump in the rate around the 10:35:02 to 10:40:03 timestamp, where the rate increase is significantly larger than the average seen throughout the rest of the data. However, aside from this, rates vary quite modestly, remaining relatively stable throughout the day.
Please note that this analysis is based strictly on data provided and does not consider external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. For more accurate and detailed analysis, these factors should be considered.
![Daylong Fluctuation Marks Upsurge in GEL Exchange Rates](http://currencymart.net/images/news/lari/2024-05-21/img-U8eHm6jeGYtru6yBnfZJBul2.webp)