2024-05-14 Lempira News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-13
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
Analysis Overview
After performing the analysis of the given time-series data about changes in the exchange rates (HNL), several key insights have been discovered.
Overall Trend
From the given data, the overall trend depicts subtle fluctuations in the exchange rate over time. The rate starts at 0.05532, having minor ups and downs, it ends approximately around 0.05537. This suggests that there's a marginal trend of increase, but it's important to note this increase is minimal and over an extended period. It's safe to claim the exchange rates remain fairly stable.
Seasonality or Recurring Patterns
As per the given data, there is no clear-cut seasonality or a pattern repeating at fixed intervals over time. The fluctuations appear to be random and inconsistent. However, further analysis with more granular data (e.g., intra-day data) and over a more extended period (to capture yearly patterns) could reveal otherwise if any.
Outliers
No noticeable outliers can be identified from the given data set. The data fluctuates around a constant mean throughout, and there are no drastic or significant changes in the exchange rate. This indicates a generally stable exchange rate with no major spikes or troughs.
Please note these insights are purely derived from the given dataset and do not consider other factors like market opening/closing hours, weekend/holiday effects, or impact due to financial news or reports release, as explicitly mentioned.
Conclusion
In conclusion, the exchange rate between this unspecified currency and Honduran Lempira (HNL) is relatively stable, showing only minute changes over the period in the dataset. There are no evident patterns, and the variations appear to be random without any noticeable outliers. As a result, this currency pair might be considered relatively stable or hasn't been significantly impacted by market factors during this observed period. However, these conclusions are based on the given data only.
![HNL Exchange Rates Undergo Slight Fluctuation through Thrilling 24-Hour Series](http://currencymart.net/images/news/lempira/2024-05-14/img-HZoBRlgJhRc41oJh8IUwpRBW.webp)