2024-04-22 Moldovan Leu News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
Upon analysis, it can be observed that the exchange rate shows fluctuations over the period. However, the overall trend of the exchange rate seems relatively stable with a slight increase. There are instances where the value of the exchange rate declines, but these are often followed by a period of increase, allowing the rate to recover from the previous drop. The data indicates a stable but slight upward trend, suggesting a gentle strengthening of the currency over this period.
Seasonality or Recurring Patterns
Tracking the pattern over time does not exhibit a clear seasonal trend, but some micro-trend patterns exist. These micro-trends range from few hours to a couple of days where the exchange rate oscillates in a similar pattern before shifting to a different rhythm. Recurring patterns in the data might suggest that similar economic or market activities tend to happen cyclically or periodically, affecting the exchange rate in predictable ways.
Outliers in Exchange Rates
The data set has several instances of sudden jumps or drops in the exchange rate which can be considered as outliers. These rapid changes may deviate significantly from the overall trend and can often be tied back to macroeconomic events or news, even though for the purpose of this analysis, we have not taken specific events into account.
Note
- Exchange rates are influenced by many factors, including economic indicators, market sentiment, political conditions, and many more. Even though we do not factor in these considerations in this analysis, in practice, it is important to bear in mind such external influences when interpreting exchange rate data.
- Though the data seems stable now, we cannot provide a definitive future forecast based on the data and trend provided as the exchange rate fluctuations are highly unpredictable in nature and subject to numerous domestic and global factors which are out of the scope of this analysis.