2024-05-07 Latvian Lats News
2024-05-06
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
In the analysis of the dataset provided, several observations can be made. However, it's important to note that this review is based solely on the provided dataset, without taking into consideration external factors such as market conditions, geopolitical events, and economic indicators.
1. Overall Trend Analysis
The overall trend of the exchange rates in the dataset shows a slight decrease over the period. The starting value on 2024-05-06 at 00:00:02 is 2.26281, while the final value on 2024-05-06 at 23:55:02 is 2.26151. However, the changes are relatively minor, separating the highest and lowest exchange rate by nearly 0.1. This suggests a generally stable exchange rate over the course of the day.
2. Pattern and Seasonality
With the data provided, any daily or hourly seasonality is not readily identifiable due to high frequency trading activities that can cause fluctuation in exchange rates throughout each day. However, it's important to note that typical foreign exchange market patterns refer to weekly or monthly cycles, which cannot be identified with the data spanning just a single day.
3. Notable Outliers
As mentioned earlier, the dataset shows a generally stable range of exchange rates. Hence, no significant outliers were observed where the exchange rates differ immensely from the general trend. The rate dropped to as low as around 2.25655 during mid-day, which could be due to lower trading activities, but overall the changes stuck to a confined range.
In conclusion, it's observed that the exchange rates represented in the dataset are generally stable, with only minor fluctuations throughout the day. However, a broader dataset that covers a wider timespan would provide a more in-depth and accurate evaluation of trends, seasonality, and outliers.