Exchange Rate Remains Robust Despite Minimal Fluctuations
2024-03-12
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 Analysis
Overall, the exchange rates in the provided dataset show very slight fluctuations, but largely remain stable over the time period. The minimum rate seems to have been registered at 0.01419, and the maximum at 0.01426. Most of the values are centred around 0.0142, indicating a stable trend.
Seasonality and Recurring Pattern Insights
For the given data, it is difficult to observe a distinctive seasonal pattern or recurring changes in the rates during different days or specific hours. The variation in rates is quite minimal and doesn't seem to exhibit a clear patterning that would suggest a seasonal effect. A more granulated data excluding the external factors impacting the exchange rate such as weekends, holidays, and the release of key financial news and reports, among others would provide in-depth insights.
Outlier Identification
In the processed dataset, there doesn't seem to be any significant spikes or drops that could signify outliers. Most exchange rates are close to the central tendency. The range of values is quite minimal and mostly hovering around 0.0142, which further affirms the absence of noticeable outliers in the given dataset.
Summary
The exchange rate remains mostly stable throughout the observed period, with minor fluctuations that do not appear to be influenced by a detectable seasonal or recurring pattern. Due to this stability, no major outliers have been identified. Please note that these results are based on a simplified analysis and a more in-depth scrutiny applied on a more granular dataset might yield different insights.
