Dramatic Dip in Exchange Rates Recorded in LateNight Trades
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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
1. Overall Trend of Exchange Rates
The dataset shows slight variations in the exchange rate (MUR) over the time period represented. These slight variations suggest that the exchange rate has generally remained stable over the course of the time period. There is no clear consistent trend of increasing or decreasing rates throughout the time series data provided. A minute upward and downward movements are visible, but they tend to revert back, maintaining the overall exchange rate in a narrow band.
2. Seasonality or Recurring Patterns
Without an explicit repetitive time frame (like daily, monthly), it's difficult to definitively identify a seasonal trend in the given data. No clear evidence of a recurring pattern is identified, which could be due to the overall stability of the rates or the limited granularity of the data. It would require a more advanced statistical analysis to discover any non-obvious patterns.
3. Outliers in the Exchange Rates
It appears there are no significant outliers in the exchange rates as all figures fall within the very close range of 0.02958 to 0.02969. The variations aren't wide enough to identify clear outliers. There are no instances discernible in the data where the exchange rate moves significantly beyond the small band in which the rates have generally sat throughout the series provided.
![Dramatic Dip in Exchange Rates Recorded in Late-Night Trades](http://currencymart.net/images/news/mauritius-rupee/2024-05-14/img-M2XGocFXKl317xw2J4lyJsaY.webp)