2024-05-15 Mauritius Rupee 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
Trend Analysis
Looking at the data given, there is a minor decrease observed in the MUR exchange rates over the time period provided. The exchange rate starts at approximately 0.02967 initially, and ends around 0.02972 but majorly it has been fluctuating close to an average value of roughly 0.02961. This indicates a relatively stable trend over time with a slight decrease overall, indicating stability in the market.
Seasonality and Recurring Patterns
The data seems to follow a somewhat cyclical pattern. While no clear seasonal changes can be observed due to lack of large time span data, we can see the exchange rate often experiences small fluctuations, slightly increasing and decreasing in similar intervals. This could suggest influence from recurring market cycles or regular influences on the exchange rate. However, without specifying the frequency of these cycles (daily, weekly, etc.), it's hard to draw a definitive conclusion regarding the seasonality from this data.
Outliers and Anomalies
While most values in the data set are hovering around the 0.02961 average, there are certain instances that show significant changes. For instance around the timestamps 2024-05-14 22:30:02, we observe a low value of 0.02950 which is well below the average. Similarly, a high of 0.02972 is observed on 2024-05-14 23:55:02. Both these instances show differences significant enough to be considered as anomalies based on the trend.
To summarize, the MUR exchange rate data indicates a relatively steady market trend with minor fluctuations. Though clear seasonality could not be established due to the lack of data diversity, some recurring patterns are observed. The instances of severe change from the trend suggest potential external influences or market events.
![se in MUR Exchange Rate Amidst Unexpected Fluctuations
On May 14, 2024, a significant event occurred in the money markets, marking a noteworthy change in the MUR exchange rate. The rate fluctuated sporadically throughout the day, however, an upward surge particularly stood out.
The day started with an exchange rate of 0.02967. The rate gradually declined to a low of 0.02954 by 22:00:02, after exhibiting a relatively stable behavior most of the time. However, an unexpected turn of events occurred in the last hour of the day, accelerating the MUR exchange rate to a high of 0.02972 by the end of the business day.
This abrupt upswing raised eyebrows among financial analysts and investors alike, as it offered a stark contrast to the day](http://currencymart.net/images/news/mauritius-rupee/2024-05-15/img-PKj09eAeclGy4FwdYqqHo8kX.webp)