2024-05-22 Lari News
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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
Overall Trend
The given data ranges from a timestamp of 2024-05-21 00:00:02 to 2024-05-21 23:55:02. It appears to represent a day's worth of GEL (Georgian Lari) exchange rate data taken every few minutes. Upon reviewing the data, we see that the exchange rate starts at 0.49859 at the beginning of the day, drops to the lowest of 0.49784, then rises to the highest of 0.50025, before ending the day at 0.49979. There is a slight upward trend throughout the day, but the movement overall appears relatively stable with small fluctuations.
Recurring Patterns or Seasonality
In terms of recurring patterns or seasonality, since the data supplied only covers a span of one day, it is difficult to identify any pronounced long-term seasonal patterns. However, within the day, it seems that there is a dip in the middle of the working day (around 07:00 to 11:00), followed by a fairly steady increase towards the end of the working day and into the evening. This pattern may recur daily, but without additional data, it's challenging to draw definitive conclusions on seasonality.
Outliers
Regarding outliers - distinct instances where the exchange rate significantly diverged from the overall trend - there are a few points worth noting. The most significant drop below the overall trend is at 07:00:03 with a rate of 0.49784. Shortly afterwards at 13:15:03, there's a considerable jump up to a rate of 0.50009. These may be considered outliers in the context of this particular day's data, but whether they are outliers in a broader context would need further exploration with additional data.
From the given dataset with time-series exchange rate data, it's also worth noting that financial markets have inherent volatility associated with various market events. Depending on the broader economic context, exchange rates may be particularly sensitive to key financial news, geopolitical events, and changes in monetary policy.
![Significant Fluctuations Mark GEL Exchange Rate Over 24-Hour Period](http://currencymart.net/images/news/lari/2024-05-22/img-nebAVkcgRvHIDqcPV2H4icWM.webp)