2024-05-08 Lempira News
2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of HNL Exchange Rate Time Series Data
The analysis includes the trend of exchange rates, seasonality, and outliers. As per your request, there has been no consideration for specific events or external factors like market opening/closing times, holidays, weekends, or the release of key financial news and reports. Furthermore, there is no forecast for future rates.
Understanding the Overall Trend
At a glance, the exchange rates have generally trended in a range between 0.0553 to 0.0555 throughout the period. There are minor fluctuations in the exchange rates, but they don't tend to stray far from the general trend. The rates neither have a clear increasing or decreasing behavior and can be considered relatively stable. This stability suggests that the currency in context, HNL, is relatively stable.
Identifying Seasonality
In time series analysis, seasonality refers to variations that occur at specific intervals due to seasonal factors. However, in this dataset, it is difficult to identify clear seasonality. The fluctuations in exchange rates do not follow a predictable or regular pattern that could be tied to a seasonal factor.
Outliers
Most of the exchange rates lie in the range of 0.0553 to 0.0555, which is the observed norm throughout this dataset. However, there are exceptions where the exchange rate peaks at around 0.0557, or dips to a low of around 0.0552. These instances can be considered as outliers as they differ significantly from what would be expected based on the trend. Nevertheless, given the slight differences from the main trend, these outliers might not have a significant influence when interpreting the data.
Overall, this dataset provides an informative overview of the HNL exchange rate's behavior in the given timeframe. Careful observation of these trends could potentially offer valuable insights into the currency's performance.
