Exchange Rates Showcase Stability Despite Slight Fluctuations Over Time in New 24hour Data Set
2024-04-24
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
After analysis of the provided data, the overall trend of the exchange rate (ALL) shows relative stability. The rates slightly increased over time from 0.0145 to 0.01454 before decreasing to 0.01446 and then increasing again to 0.01453. The maximum rate recorded was 0.01454 and the minimum was 0.01446. However, the changes were marginal, and the majority of the rates hovered around 0.0145.
Seasonality or Recurring Patterns
Regarding the seasonality or cyclical changes in the provided data, there does not appear to be any significant recurring pattern over the period in question. Given the subtle variations and the relatively short time span of the data set, no clear daily or hourly pattern is discernible, suggesting that the rates are likely driven by broader macroeconomic factors rather than set cyclical trends.
Identification of Outliers
Due to the marginal fluctuation in the data, it is difficult to identify any major outliers which significantly deviate from the general trend. However, the value 0.01446 could be considered as a potential lower outlier as it is the minimal value throughout the data. More comprehensive statistical analysis (e.g., using standard deviations or interquartile ranges) might further help to identify potential outliers.