Exchange Rates Show Positive Uptick in Consistent Growth
2024-04-30
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 Exchange Rates
By considering the provided dataset, it's seen that exchange rates moderately fluctuated within a small range from 0.01456 to 0.01469 over the given period. Although slight downtrends and uptrends can be identified within the range throughout the day, it can be summarized that the overall trend of the exchange rates remained somewhat stable.
2. Seasonality or Recurring Patterns in Exchange Rates Changes
A deep investigation of the intraday changes would evidence that there isn't a strong seasonality or identifiable recurring pattern. However, it is worth noting that exchange rates have seen slight uptrends at certain hours like at 6-8 AM and afternoons around 1-3 PM. There is also a slight downtrend seen in the late-night hours. These trends don't indicate a strong seasonal pattern but mention minor variations in the rate during different times of the day.
3. Noting of Outliers
The provided dataset doesn't seem to contain significant outliers. All of the exchange rates fall within a small range (0.01456 to 0.01469), and there aren't any instances of a sudden spike or drop in the rates that substantially deviate from this range which would be considered as outliers. From this, it can be inferred that the rates remained relatively stable throughout the entire period, with only minor fluctuations.