2024-05-13 Lek News
2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
Upon reviewing the data, there seems to be a slight fluctuation in the exchange rate during the given time frame. While analyzing it, there appears to be minor increments and reductions in the rate; however, these changes do not suggest a strong upward or downward overall trend. In this case, there is a pattern of minor fluctuations rather than stable escalations or descents. The exchange rates are more likely to be described as generally constant, bolstering their lower and upper levels of 0.0144 to 0.01469 without causing a clear rising or dipping pattern.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Time-series data does not readily reveal any seasonality or recurring patterns over the specified period, primarily because the data provided isn't enough to identify recurring patterns with various intervals, such as daily, weekly, or monthly. However, a comprehensive review of the data set suggests no strong indicators of seasonality. Nevertheless, an in-depth analysis could be possible with a more extended data timeline or specific tools designed to detect seasonal patterns in time-series data.
Noting any outliers or instances where the exchange rate differs significantly
Throughout the dataset, there aren't any visible outlier values, or any instances where the exchange rate differs significantly from the overall trend or expected range. The data demonstrates that the exchange rate values remained relatively close, oscillating slightly around a similar point. Therefore, it suggests that during the observed period, the exchange rates have been reasonably consistent, without any substantial or unexpected divergences.
The impact of external factors
While conducting this analysis, it has been assumed that external factors such as market opening/closing hours, weekends/holidays, and the release of key financial news and reports have not been considered. It's important to know that in a realistic scenario these elements could significantly influence the currency exchange rates and would likely constitute a critical part of a comprehensive analysis.
The forecast for future rates
As requested, this analysis does not forecast future rates. Please note that understanding the trend and potential patterns can provide useful insights, but it does not necessarily imply future performance because of the inherent uncertainty and the influence of a multitude of uncontrollable factors in financial environments.
