2024-04-30 Latvian Lats News
2024-04-29
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
Analysis of the Exchange Rates
The dataset contains 289 records. The data spans from 00:00:02 on 2024-04-29 to 23:45:02 on the same day. It seems to be a daily record of every five minutes' exchange rate.
1. Understanding the Overall Trend
The exchange rate begins at 2.25453 and ends at 2.26192. Over these time series, there's an overall upward trend in the exchange rate. However, it’s important to note that this upward trend isn’t always steady. The exchange rate experiences several fluctuations, increasing and decreasing at different points in time, but the general direction is upwards.
2. Identifying Seasonality or Recurring Patterns
An initial look at the dataset doesn't reveal an obvious seasonal or recurring pattern within the day. The patterns hidden within these fluctuations could be more complex than can be deciphered from this single day's data. To obtain substantive insights into any seasonality or recurring patterns, a more extended period's data might be needed. Therefore, based on the given dataset, no specific conclusion can be made regarding seasonality patterns.
3. Noting Outliers
Without more specific guidelines on what can be considered an outlier in this context, it's challenging to identify any apparent outliers in the dataset. The exchange rate changes continually, but the variations seem to be relatively stable. No drastic spikes or drops are observable that would indicate a potential outlier. While some data points stand out where the rate increases or decreases more sharply, they could be pointing to some market dynamics rather than being statistical outliers.
In conclusion, the dataset shows an upward trend in the exchange rate throughout the day of 2024-04-29. Patterns in the data could not be conclusively identified, and no clear outliers were observed. This, of course, would be subject to change with additional data.