2024-04-24 New Taiwan Dollar News
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the dataset
Upon reviewing the provided data, it appears that the time-series dataset spans about a day (April 23, 2024) and provides granular data on the exchange rates of the Taiwan Dollar (TWD) within this period. The timestamps follow a regular 5-minute interval, except for some gaps that could be attributed to non-business hours or other unanswered factors. Worth noting is that no external news or events potentially affecting the currency market are considered in this analysis. Let's discuss the observed trends, patterns and potential outliers.
1. Overall trend of the exchange rates
Looking at the general trend, the TWD exchange rate seems to undergo subtle fluctuations throughout the day. The rate starts at around 0.04197 at 00:00 and ends at 0.04199 at 23:55. The highest figure recorded in this period is 0.04207 (at approximately 06:15), while the smallest is 0.04194 (around 19:45). So, despite these minute changes, overall, the exchange rate appears to remain relatively stable.
2. Seasonality or recurring patterns
This dataset seems to lack clear evidence of strong seasonal tendencies or recurring patterns in the exchange rates. The changes in rates occur in a seemingly random manner lacking uniformity throughout the day. However, some observations can be made. For instance, during early hours (between 00:00 to 06:00), the exchange rate appears to pick up mildly, peaking at around 06:15, followed by a slight recovery between the hours of 20:00 and 23:55. Amid some fluctuations, the rate seems to stabilize most between the hours 13:40 and 16:05. These patterns, however, are based on just a day’s data and may lack significant statistical backing.
3. Outliers or significant variations
In terms of outliers, the dataset does not present any striking anomalies where the exchange rate diverges substantially from the day's general trend. One potential deviation is the slight surge up to 0.04207 at around 06:15, which stands as the day's peak rate. However, this increase is subsequently corrected and doesn’t represent a significant departure from the general exchange rate behaviour on April 23, 2024. This suggests that the variations in the exchange rate within this specific day's timeframe remain relatively moderate and within a very narrow range.
]) It's worth noting that the analysis might have been more enriched or outlooks more varied with a larger dataset covering a more extended period, incorporating external factors as well. This could provide a more precise and holistic overview of the currency's behaviours and potential patterns.