2024-05-22 Leone News
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of Exchange Rates
The given time-series data presents the exchange rates between two currencies for a 24-hour period on May 21, 2024. From the data, it is clear that the exchange rate varies between 6.0E-5 and 7.0E-5. The majority (93%) of the data points reflect an exchange rate of 7.0E-5, while the remaining 7% suggest an exchange rate of 6.0E-5. There does not appear to be a distinct overall trend of increasing or decreasing rates throughout the given time period. Instead, the exchange rate can be described as relatively stable, with minor fluctuations.
2. Identifying Recurring Patterns in the Changes of Exchange Rates
Apart from the stability, a certain degree of volatility can be observed during the late evening (after 21:00) and early hours of the morning (until about 02:00) where the exchange rate fluctuates between the two values of 6.0E-5 and 7.0E-5. Between the periods of 02:00 to 21:00, the rate remains more constant at 7.0E-5. This can suggest a daily pattern where the rate becomes slightly more volatile during late and early hours.
3. Review of Outliers and Significant Differences in Exchange Rates
Since the dataset includes just two distinct rate values (6.0E-5 and 7.0E-5), it is not possible to identify any conventional outliers, which would typically involve values that deviate significantly from the mean. However, the instances where the exchange rate falls to 6.0E-5 from the more common 7.0E-5 could be viewed as significant differences, especially given the aforementioned daily pattern where these deviations are more likely to occur during certain hours.
Note: A more detailed analysis could potentially be achieved with a larger dataset covering a longer time period and including more varied rate values.
