2024-03-12 Malaysian Ringgit News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trends
By visually inspecting the dataset, it is noted that the exchange rates tend to generally remain stable within a small range of 0.285 to 0.287. Some fluctuations can be seen, but the general direction of the data does not indicate a strong increasing or decreasing trend. The exchange rate appears to experience some small fluctuations, but these changes are minor and do not form a clear upwards or downwards trend.
Seasonality and Recurring Patterns
There is insufficient data available to make a full assessment of seasonality or recurring patterns. The data provided only spans a single day, which is not enough to comment convincingly on daily, weekly, monthly or yearly seasonality.
However, from the available data, there does not seem to be an intraday pattern, as the exchange rates oscillate within the said range without a clear cyclic pattern. More data is needed to assert or dismiss the possibility of an intraday pattern.
Outliers
The data provided adheres closely to the range of 0.285 to 0.287, with limited deviations, suggesting that there are few if any outliers, assuming normal trading conditions. It's worth noting that extreme events such as economic reports, geopolitical events, or market shocks could cause the exchange rate to deviate significantly from its typical range, but no such events are evident from the data provided.
Please note that this analysis is purely based on the provided data and does not take into consideration external influences or contributing factors which would require additional information and specialised models to incorporate.
