2024-05-09 Lek News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
The analysis is as follows;Understanding the overall trend of the exchange rates
Based on the data provided, the exchange rate has a gradual decrease over the period. The rate starts from 0.01468 and ends with 0.01462, showing a slight but consistent downturn. There doesn't appear to be any rapid fluctuation within any given period, which indicates stability in decrease.
Identifying any seasonality or recurring patterns in the changes of exchange rates
The changes in exchange rate seem not to show any significant recurring pattern or seasonality. At each timestamp, the rate generally appears to remain the same or decrease slightly. So, in terms of recurring pattern, there seems to be no observable seasonality; the rate, while decreasing, does so smoothly, without significant fluctuation.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
Through analysis, no notable outliers were identified. Every change seems to be consistent with the overall decreasing trend identified above. Exchange rate remains steadily decreasing without any abnormal spike or drop.
![Stability Reigns as Exchange Rate Maintains Consistent March](http://currencymart.net/images/news/lek/2024-05-09/img-taCv2TjBqKDPPx4vrcRwrYio.webp)