2024-04-30 Pa Anga News
2024-04-29
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
Trend Analysis
The general trend of the exchange rates in the dataset is an increase. This means that over the period shown, the exchange rate has mostly risen in value. Starting from a rate of 0.5614 at the beginning of the data set, the rate gradually increases and finally reaches 0.5746 towards the end. While volatile, the overall trend line would point upwards if plotted on a graph.
Seasonality Analysis
No clear seasonality is discernible from the data set. The exchange rate doesn't appear to follow regular, predictable changes or cycles. Due to the nature of foreign exchange markets, rates can be influenced by a multitude of global events and financial indicators which aren't beholden to typical seasonal trends. Rather, more random walk behaviour is observed in the data, with a general upward trend.
Outliers Analysis
Spotting outliers in the dataset suggests the presence of sudden changes in the exchange rate. One significant spike in the exchange rate appears at the end of the timeframe, where the rate rises from 0.56321 to 0.57462. This increase could count as an outlier, as it represents a significant leap in comparison to the relatively small fluctuations elsewhere.
Summary
In summary, the trend of the exchange rates in the dataset is increasing, though there are no clear indicators of seasonality, likely owing to the complex nature of foreign exchange markets. A significant outlier is noted in the final data points, but the cause of this outlier cannot be determined without further information about global events or financial news occurring at that time.