2024-05-01 Malaysian Ringgit News
2024-04-30
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. Overall Trend of Exchange Rates
From the data given, the trend of the exchange rates seems to be quite stable. The Myr exchange rates are between 0.28670 and 0.28909 over the time frame given, which indicates relatively stable exchange rates. There are fluctuations, but they are not very dramatic and the variance does not seem to be high. However, this observation is made based on this data only and additional data could provide more insights.
2. Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, the data does not provide an obvious pattern at first glance. It would require advanced time-series analysis techniques like Autoregressive Integrated Moving Average (ARIMA) or Exponential Smoothing to be detected, which is outside the scope of this simple analysis. Although it is important to note that the foreign exchange market is affected by a lot of factors, like geopolitical events, economic reports, and market sentiments among others, making its movement sometimes seem random.
3. Outliers in the Exchange Rates
Without a rigorous statistical analysis, it is hard to detect outright outliers within this dataset. The exchange rates appear to remain within a tight range, so there doesn't seem to be any obvious anomalies. Once again, a more sophisticated analysis may possibly detect subtle outliers that a simple observational method fails to discover.
In conclusion, the MYR exchange rates are relatively stable within the provided timeframe. Deducing a decisive pattern or detecting clear outliers requires more rigorous statistical analysis and possibly more contextual information. This conclusion is derived assuming the data provided is all the data that is available and is accurate.
