2024-04-19 Malaysian Ringgit News
2024-04-18
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 MYR Exchange Rates
The analysis will be focusing on examining the overall trend of the exchange rates, checking for recurring patterns or seasonality in the data, and identifying any significant outliers.
Understand the Overall Trend
Looking at the provided dataset, it seems that the MYR exchange rate has exhibited a generally stable trend with a slight decreasing tendency through the examined timeframe. The rate goes through minor fluctuations but predominantly, it oscillates around the value of 0.288. This is not to say that it is completely flat, but rather, it does not indicate a strong linear upward or downward direction.
Identification of Seasonality
While it's difficult to determine seasonality with the given data as it only covers the activity of a single day, the data does seem to indicate some cyclic patterns. Peaks and troughs seem to reoccur similarly throughout the data, indicating there could indeed be some level of hourly rhythmic behavior. This suggests that during this particular interval, the exchange rate might be influenced by demand-supply dynamics related to international market operations, which vary by geographical locations and time zones.
Outliers Identification
As for the presence of outliers, the MYR exchange rates provided show minimal extraordinary spikes or dips. The data is relatively smooth, mainly moving slightly up and down around the center value of 0.288. Hence, from this data for a one-day period, we cannot identify any significant outlying factors that dramatically deviate from the overall trend of the exchange rates.
Note: In order to get a more precise understanding of the trend, seasonality, and outliers, a larger dataset covering a longer period might be needed. This will allow us to have a clearer picture of the daily, weekly, and potentially monthly fluctuations in the MYR exchange rates.