2024-04-26 Malaysian Ringgit News
2024-04-25
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 Trend of the Exchange Rates
Upon analyzing the data, we noted that exchange rates (MYR) throughout displayed slight fluctuations but generally maintained stability. The rates moved between 0.28567 and 0.28733. Despite these fluctuations, no definite consistent uptrend or downtrend was discerned. Any upward or downward changes were typically followed by a correction, bringing it back to the general range.
Seasonality or Recurring Patterns
On the surface, there don't seem to be evident signs of seasonality or recurring patterns within this dataset. The time-series data does not indicate the presence of clear cycles or trends that repeat at a specific frequency. It is important to note, however, that the analysis does not take account of external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, which may have influenced these rates. Further, seasonality is typically better identified with a more extended data set, covering multiple cycles - daily, weekly, yearly, etc.
Outliers in Exchange Rates
This dataset shows minor variations. However, no major outliers were identified in this dataset - instances where the exchange rates differed significantly from the prevailing trend. The currency exchange data seems generally smooth, with only slight fluctuations in exchange rates.
So, based on this analysis, it could be said that the time-series data shows a relatively stable currency exchange situation with minor fluctuations without a clear upward or downward trend and no significant outliers.