2024-05-02 Malaysian Ringgit News
2024-05-01
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. Understanding the Overall Trend of the Exchange Rates
The exchange rate given in the data ranges from approximately 0.28746 to 0.28909. The overall trend in the exchange rates shown seems to be fairly stable. There isn't a clear indication of a consistent increase or decrease in the rates over the selected period. However, there is minor fluctuation noticed which is normal for such financial indicators. It begins at a value of 0.28902 and ends at a slightly lower value of 0.28787. But, in the grand scheme of things, these are minute changes that wouldn't be considered a significant decreasing trend. It's important to keep in mind that this observation might differ significantly if the examined period was longer or if it took into consideration a different time interval.
2. Identifying Seasonality or Recurring Patterns
Based on the data provided, it's difficult to identify clear seasonality or recurring patterns in the exchange rates. The values fluctuate quite inconsistently and erratically, without any clear or noticeable cycles. It is difficult to accurately judge if there is a day-to-day or hour-to-hour pattern as we only have a day's worth of data. For a comprehensive identification of seasonal or recurring patterns, data of several months to a year would be preferable.
3. Noting Outliers in the Data
From the data provided, there aren't many clear outliers. The rates maintain a fairly consistent trend throughout the period given. There are minor fluctuations in the rates, but these changes aren't significantly large in the context of currency exchange rates. Taking into consideration, the values stay relatively within a close range of each other. It's worthy to note that outliers in this context would need to be extremely divergent values - they would for example represent massive inflation or deflation which isn't seen in this dataset.
