2024-05-21 Lek News
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2024-05-20
Summary of Last Month
- 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 examining the dataset provided, the general trend of the exchange rate over the period seems to be relatively stable. The value hovers between 0.01473 and 0.01476 throughout, with no drastic jumps or drops recorded. The highest rate recorded is 0.01476, and the lowest is 0.01471. The differences between rates at different timestamps are minute, indicating a fairly steady exchange rate throughout the day.
Identifying Seasonality or Recurring Patterns
Regarding seasonality or recurring patterns, due to the dataset's limited scope (just one day of data), discerning any significant seasonality would be challenging. It would require data from several analogous days, weeks, or even months for more conclusive identification of seasonal trends. Nonetheless, there does appear to be minor fluctuations occurring during different times of the day, with slight increases and decreases, hinting at a possible daily pattern of exchange rate changes. Nevertheless, further data would be required to confirm this.
Noting Outliers or Significant Deviations
In the context of the provided dataset, there are no outliers or significant deviations from the expected exchange rate based on the trend. The exchange rate remained remarkably stable throughout the day, with only minor fluctuations in the fourth decimal place. Such a deviation is typical in foreign exchange rates and doesn't signify an aberration.
It's important to note that this analysis does not take into account any external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These are important determinants of exchange rates and can cause significant changes. Hence, for a comprehensive analysis, such factors should ideally be considered.
![Steady Rise in Exchange Rates Spots Slight Volatility in Late Hours](http://currencymart.net/images/news/lek/2024-05-21/img-tPrMyV24WSaDQRVunk7EPihE.webp)