2024-05-21 Mauritius Rupee News
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2024-05-20
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
Analyzing Time-series Financial Data1. Understanding the overall trend of the exchange rates
Upon carefully examining the given data set, I observed a slightly increasing trend in the MUR exchange rate over the time period. It starts with a rate of 0.02972 at the earliest time stamp and ends with 0.0297 at the latest time stamp. However, the increase is not constant, and there are periods of fluctuation where the rate decreases temporarily before continuing to rise. This suggests that the MUR currency slightly strengthened against the other currency during the observed period.
2. Identifying seasonality or recurring patterns
In the provided data, a clear daily seasonality is not apparent due to the lack of a substantial oscillating pattern in the exchange rate. However, more granular data or data over a longer period might reveal intra-day or weekly patterns. Available data shows that the rate experiences fluctuations throughout, but it wouldn't be accurate to attribute these changes to a recurring pattern without analyzing further, more detailed data.
3. Outliers in the exchange rates
From the series of exchange rates given, no significant outliers or instances of a rate differing largely from the established range can be detected. The exchange rate appears to remain somewhat stable, with minor increases and decreases observed throughout. However, the given data notably ends with a slightly higher deviation in exchange rate (0.02983 and 0.0298) compared to the general range within the observed period, but it still can't be considered a significant outlier because of the small magnitude of this deviation.
Overall, the aforementioned observations are made strictly based on the provided data about the MUR exchange rate changes over time. For a more accurate and in-depth analysis, other external elements like market opening/closing hours, economic news, political events among others, which might influence the financial market, should ideally be considered.
![Unexpected MUR Exchange Rate Surge in Late Hours Promises Exciting Market Times Ahead](http://currencymart.net/images/news/mauritius-rupee/2024-05-21/img-phj312SEWTnaB6gYGEnCHEco.webp)