Volatile ANG Exchange Rates Witnessed in Market on May 21st 2024
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Trend Analysis
The overall trend in exchange rates during the provided window appears to show that the rate starts from 0.75597, decreases approximately to 0.7553 near 07:00, and experiences an increase as it reaches a peak of 0.75831 near 08:05. The rate then declines and plateaus around 0.7563 before gradually increasing to a high of 0.75788 at 07:45, post which it decreases slightly to about 0.7565 by 20:05. It seems to maintain stability with minimal fluctuation until it reaches a minor peak at 0.75665 at 23:40. This points towards the fact that the exchange rate has a slight tendency to increase in the timeframe provided, however, the changes aren't dramatic and do convey a level of volatility in the rates.
Seasonality and Recurring Patterns
While a specific seasonality pattern is hard to discern from the provided data, there are a few recurring observations we can make. The data shows that the rate tends to decrease in the early hours, between 00:00 to 07:00, thereafter it shows an increase until 08:05. From 08:05 to 20:05, the rate gradually decreases before stabilizing, and then increasing slightly near the end of the day. Though it's not a strong pattern, this slight resemblence of a sinusoidal pattern does seem to recur within the given day.
Identification of Outliers
Outliers in this context would refer to points where there is a significant sudden drop or increase in the exchange rate. At 07:35, there is a sudden increase from 0.7556 to 0.75702, and by 08:05 the value reaches 0.75831, which can be considered as an outlier. Another potential outlier can be observed at 16:35 when there is a sudden drop from 0.75712 to 0.7563. These instances are notable as the exchange rate differs significantly from the neighbour data points and the general trend observed.
![Volatile ANG Exchange Rates Witnessed in Market on May 21st, 2024](http://currencymart.net/images/news/netherlands-antillean-guilder/2024-05-22/img-KPHY3Ek7ixd2tI6Dv7cYGuxw.webp)