2024-04-25 Netherlands Antillean Guilder News
2024-04-24
Summary of Yesterday
- 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 Exchange Rates
The dataset provided starts from an exchange rate of 0.76226. It fluctuates throughout the period, reaching a peak of 0.76355. The lowest rate within this period is 0.75904, while the rate at the end of this period is 0.76079. From an overall perspective, the exchange rate shows a slight decrease over this time period, although there are considerably many fluctuations.
2. Identifying Seasonality and Recurrent Patterns
In this data set, it's difficult to identify a clear seasonality or a recurring pattern due to the constant oscillations seen in the exchange rates. These fluctuations could primarily be due to the continuous changes in supply and demand in the foreign exchange market. However, the frequency of these fluctuations indicates the market is highly active and volatile.
3. Outliers in Exchange Rates
A number of outliers can be noticed throughout the provided dataset. For instance, at several points, the rates fall significantly below the general trend seen in the data. Notably, the rate drops to 0.75904, which is the lowest in this period and significantly lower than the average rate. Similarly, there are instances where the rate goes significantly above the general trend, like the peak value of 0.76355. These significant fluctuations could be due to a variety of factors within the financial market, but as per your instructions, we are not accounting for specific events or external influences in this analysis.
It's important to interpret outliers carefully, as they can be caused by various factors, such as dramatic shifts in foreign exchange markets, economic announcements, etc. As per the scope of this analysis, however, it's not possible to determine the exact causes of these outliers.
Overall Conclusion
The provided dataset depicts the highly dynamic nature of the exchange rates. Though a slight overall decreasing trend can be inferred, the rates fluctuate quite frequently, making the foreign exchange market highly volatile. Several outliers, both on the higher and lower side, indicate potential shifts in financial scenarios during those times. However, without accounting for external factors or specific events, it's challenging to understand the precise rationale behind those significant fluctuations.