2024-05-07 Loti News
2024-05-06
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
1. Understanding the Overall Trend
The overall trend is relatively stable. The exchange rate begins at 0.07399 at the start of the day and ends at 0.07402 by the end, indicating a slight increase over time. However, it's important to highlight that these values fluctuate throughout the day within a narrow range approximately between 0.0737 and 0.07405. This implies that while there are regular fluctuations, the exchange rate doesn't show any clear trend towards a consistent increase or decrease.
2. Identification of Seasonality or Recurring Patterns
In the time-series data provided, it is difficult to identify a clear pattern of seasonality or recurring patterns on a daily basis due to the narrow range of fluctuations. Any apparent pattern could be easily offset by normal market variations in the exchange rate. These variations could be caused by a range of factors, including supply and demand dynamics, macroeconomic indicators, and others. However, frequent slight decreases and increases respectively are observed generally at the start and the end hours which might indicate a pattern but requires further investigation to confirm.
3. Noting Any Outliers
Given the smaller fluctuations in the exchange rate throughout the recorded period, there are no significant outliers. No data point seems to deviate substantially from the established range. The highest value reached was 0.07405 and the lowest was 0.07373, both of which are still within relatively close proximity of the general average. Therefore, it could be said that the data provided appears consistent without any significant anomalies.
Please note that this analysis only covers the single day provided and does not take into account longer time frames or external events. While this type of analysis can provide some insights, a more detailed analysis would require a larger, more comprehensive dataset, preferably covering multiple months or years.