2024-05-03 Moldovan Leu News
2024-05-02
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 dataset spans from 2024-05-02 00:00:02 to 2024-05-02 23:55:02, providing a nearly complete view of the exchange rate fluctuations across this day. In general, the exchange rate seems to exhibit a mostly stable pattern. It started at 0.0781 at the beginning of the day and ended at 0.07746 by day's end. This demonstrates a slight decrease throughout the day. However, the change is gradual, and the rate mainly fluctuates around the average, suggesting no significant upward or downward trend for this day specifically. It's also worth noting that the fluctuation range is quite narrow, indicating relative stability in exchange rates throughout the day.
Seasonality and Recurring Patterns
The analysis of the dataset did not reveal any clear seasonality or recurring patterns for this 24-hour timeframe. The variations in the exchange rate occur seemingly randomly and without explicit cycles. As this data is for a single day only, establishing a pattern would be unfeasible and misleading. Seasonality patterns generally emerge over longer periods which include various external factors. Hence, no explicit seasonality is observed in this 1-day dataset.
Outlier Detection
Apart from minor fluctuations, the exchange rate remained substantially stable through the 24 hours spanned by the dataset. However, there is a clear, significant drop in the exchange rate from 0.07811 at 06:15:02 to 0.07759 at 06:20:02. This drop is relatively large compared to other fluctuations observed during the day. Similarly, a notable ascend seen from 0.07723 at 20:00:03 to 0.07745 at 20:10:02 demonstrates another key point deviating the general trend. These can be considered potential outliers or important events within the given dataset.
General Remarks
Please note that this analysis does not consider any external factors such as market opening/closing hours, weekends/holidays, or the release of major financial news and reports. Also, it does not aim to generate any forecast for future rates. Given that external factors can have a significant impact on exchange rates, a more comprehensive analysis might take such variables into account.