2024-05-13 Pa Anga News
2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend of the Exchange Rates
For the given period from April 12, 2024, until May 10, 2024, we can observe certain points of fluctuation in the exchange rates. In the earlier phase, we already see some steady increases, from 0.57692 to 0.57948 between April 12 and April 15, 2024. However, from this point, the exchange rates seem to start decreasing, until they reach a low point of 0.56216 on April 29, 2024. Noteworthy is the quick recovery, with an ascent to 0.57863 on the same day. The convergence back to approximately 0.57679 reveals that the rates are otherwise reasonably stable until May 6, 2024, and a slight increase can be observed from this point until May 7, 2024. For the remainder of the period, the rates display a more or less consistent downward trend until the data ends on May 10, 2024.
2. Seasonality/Recurring Patterns
There doesn't seem to be a strong seasonal pattern in the daily exchange rates. However, an interesting observation can be made on a smaller scale. Apparently, each day contains a minor peak and trough in the exchange rate. The peaks often appear during mid-day, while the troughs typically occur in the early morning and late evening hours. This pattern is not always consistent and varies in prominence, but it can indeed be observed on several occasions. It's worthwhile investigating this recurring pattern to better understand the behaviours during specific times of the day.
3. Notable Outliers
Anomaly detection is an integral part of financial time-series analysis as outliers can signify potential irregularities. In this dataset, the most notable outlier can be seen on April 29, 2024, where the top exchange rate suddenly drops to 0.56216, the lowest point in the dataset. This vacancy recovers almost instantly, marking this rate as a single, isolated incident. While no other outliers as extreme as this one can be found within the data, other smaller anomalies can be observed, such as the swift recovery on the same day to 0.57863, which deviates from the otherwise steady rate behavior.
4. Conclusive Findings
To sum up, this brief overview suggests a generally stable but slightly volatile exchange rate during the period. The daily patterns within the data indicate recurring behaviours and are worth exploring further for understanding trading strategy. The most apparent outlier necessitates a cautionary approach as such sudden shifts can have detrimental effects on financial strategies.
