2024-05-15 Malaysian Ringgit News
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2024-05-14
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 Analysis
The data shows a generally consistent range for the MYR exchange rate, with a slight tendency towards volatility. In the first half of the day (from 0:00:00 to around 12:00:00), the exchange rate seems to be quite stable, staying around the value of 0.289. In the second half, the data indicates some amount of fluctuation, though not significantly. The highest value was observed at 19:10:03 with value 0.28994 and the lowest at 08:10:03 with value 0.28902.
Seasonality and Recurring Patterns
Upon close analysis of the given data, no concrete seasonality or recurring patterns can be established from these observations. The fluctuations seem to be random rather than following a specific seasonal or recurring trend. It's likely that more granular data (i.e., spanning a more extended period) would be needed to identify any such trends.
Outliers Analysis
Given that the data range remains quite stable and the fluctuations are minor, no substantial outliers are observed. The differences in the data do not suggest anomalous fluctuations that are significantly distant from what is expected based on the observed trend. Therefore, for this given dataset, the instances where the exchange rate differs significantly from the trend are not evident.
It should be noted that foreign exchange data is subject to a multitude of factors including economic indicators, geopolitical events, and market sentiment, among others. That is why expert analysts often use a combination of both technical analysis (which includes the kind of data analysis above) and fundamental analysis (which factors in broader economic and financial news).
However, as per the given instructions, this analysis is based solely on the provided data, excluding any external events or market hours.
![MYR Exchange Rates See Notable Shift Within 24 Hours](http://currencymart.net/images/news/malaysian-ringgit/2024-05-15/img-2P2GcXQuLNnsnk75SAkURdMS.webp)