2024-05-14 Malaysian Ringgit News
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2024-05-13
Summary of Last Month
- 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
The exchange rates of MYR over the provided period show a minor fluctuation with a slight upward and downward pattern observable. The rates range between 0.28808 and 0.28943 throughout the timestamps. Even though there are slight ups and downs, the overall trend seems to be stable and does not show a significant increase or decrease.
Seasonality or Recurring Patterns
Looking at the given data, it's challenging to identify a definite recurring pattern or seasonality in the exchange rates as the data provided is for a single day. Usually, seasonality would require longer periods, for instance, multiple quarters or years of data for a more accurate observation. However, within this limited data, there seems to be a slight increase in exchange rates around the early morning (03:00 to 04:30) and later in the evening (21:00 to 22:45).
Outliers
Considering the exploration of this dataset, the lowest exchange rate recorded is 0.28808 while the highest exchange rate noted is 0.28943. It does not seem that these rates could be considered as outliers as they are not significantly different from the other recorded rates. They seem to fall within the natural fluctuation of the MYR exchange rate for the given day.
![MYR Experiences Slight Fluctuation Amidst Market Instability](http://currencymart.net/images/news/malaysian-ringgit/2024-05-14/img-dPTXBZxak7wylgMFwhnk69xT.webp)