Moldovan Leu Holds Steady Amid Fluctuations in Global Market
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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. Understanding the overall trend of the exchange rates
The exchange rates under observation seem to generally remain steady with small fluctuations. Pointing to a specific overall trend is challenging due to the subtle changes. It starts at 0.07703, then remains mostly consistent with very slight decreases and increases over timestamps, and finally ends at 0.07741. So generally, we notice an insignificant increase.
2. Identifying Recurring patterns and Seasonality
It is quite complex to identify any particular recurring pattern or seasonality merely from this dataset because the exchange rates exhibit minor fluctuations within short periods. Though, exchange rates typically react to daily trading sessions, market opening/closing times, and weekdays versus weekends. Nevertheless, our data does not contain such detailed information to analyze this point of view.
3. Noting Outliers
The exchange rates primarily settle between 0.077 and 0.0774 throughout all timestamps. Few spikes can be seen particularly in the last quarter of the data such as 0.07737 at 6:20:03, 0.0774 at 14:05:02, 0.0774 at 16:15:03, and 0.07745 at 21:55:02. Analysing the nature of these modest increases would require a more specific investigation, considering factors such as changes in overall economic condition or currency-specific news, which are beyond our current scope.
In conclusion,
We see a stable tendency of the exchange rates over the period. Though minute fluctuations do exist, we can say they do not represent a significant change. While there are subtle increases, overall the difference between the highest and lowest rates remains quite narrow. Therefore, specific event-driven increases or decreases will need a more in-depth analysis and factors consideration.
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