2024-04-17 Lek News
2024-04-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the overall trend of the exchange rates
By visualizing the exchange rate data for the entire period, it's easy to see that the exchange rate generally remains stable over time. The exchange rate starts at 0.01454 and fluctuates very slightly throughout the period. The exchange rate stays within a narrow range of 0.01450 to 0.01457, indicating minimal volatility and a relatively steady value. At a glance, there's no significant increasing or decreasing trend.
2. Identifying seasonality in exchange rates
Given the minute-resolution of the data provided, daily seasonality trends, if any, would be more prominent. By analyzing the data, it does not appear that there's any visible recurrent pattern within each day. The exchange rate doesn't show explicit cycles of rising and falling that repeat at particular times of the day. However, it would require a more detailed time series analysis, perhaps through decomposition or spectral analysis, to confirm this observation and uncover any hidden seasonality.
3. Noting outliers in the exchange rates
Outliers in financial time series often represent unexpected events or extreme market conditions. When diagnosing the exchange rate data, no drastic, anomalous jumps or dips are apparent. All the observations moderately fluctuate about the mean, staying within the ranges of about one standard deviation away from the mean. Any minor deviations could be attributed to randomness or noise in the data, rather than signaling the presence of outliers.
Remember, this analysis is purely based on historical observation and does not include the influence of potential external factors that can impact the exchange rates. This includes market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Therefore, making any precise predictions on future rates or conclusive interpretations based solely on this analysis can be misleading.