2024-05-07 New Taiwan Dollar News
2024-05-06
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
Overall Trend of Exchange Rates
Upon my initial inspection of the dataset, It appears the exchange rate of TWD slightly fluctuates within a small range of 0.04219 to 0.04236. There is no clear increasing or decreasing pattern over this specific timeline. The value seems relatively stable without any drastic or abrupt changes occurring.
Seasonality or Recurring Patterns
Given the nature of exchange rates, seasonality is often more evident on large timelines (yearly or quarterly). From the dataset provided, it's tough to pin down any repetitive pattern or seasonality in the way the exchange rate is changing within this short period. The fluctuations seem random and do not follow a distinctive and predictable cycle.
Outliers or Significant Deviations
Because the fluctuations in the data provided are so minuscule, there are no discernible outliers or distinct variances from what could be deemed the average trend. The exchange rates throughout this dataset remain generally within the same range without any significant deviation.
The analysis reveals, to some degree, the volatility and instability associated with foreign exchange rates. Even over a short period, slight fluctuations can occur, implicitly highlighting the dynamic nature of financial markets.
To further validate these findings, advanced analytics can be employed, such as standard deviation measures, moving averages, or autocorrelation for trend and seasonality detection. However, such detailed analysis is often more useful when dealing with large, diverse, and extended periods of datasets.
