2024-05-15 Moldovan Leu 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
Overall Trend of the Exchange Rates
The overall trend of the exchange rates in this dataset seems to be slightly decreasing. The rate starts at 0.07742 and ends at 0.07695. Although the changes in between are relatively minor and fluctuate around the same range, the general movement is a drop
Seasonality or Recurring Patterns in Exchange Rates
In terms of seasonality or recurring patterns, the changes in rates do not seem to display a clear cyclic pattern when viewed at the scale of this dataset. The fluctuations seem quite random, indicating that the exchange rate might be influenced by numerous unpredictable factors. Therefore, no clear seasonality or recurring patterns can be discerned from this dataset.
Identification of Outliers
From this dataset, there do not appear to be any significant outliers or instances where the exchange rate greatly deviates from what is generally expected. The exchange rate tends to oscillate around 0.076-0.077, there is no value falling out of this range suggesting that variation within this range is normal and there are no significant outliers that need to be addressed.
Conclusion
The given time-series data set represents moderate fluctuations in the currency exchange rate over a given period of time with no strong trend or cyclical pattern. It is also free from any significant outliers. Since external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not to be considered in the analysis, it can be inferred that these minute changes could be due to other unstable and random market conditions.
![Unpredictable Highs and Lows in MDL Exchange Rates Throughout the Day](http://currencymart.net/images/news/moldovan-leu/2024-05-15/img-iaOCWBLGFLcRCpcFz3EGkYX4.webp)