Minor Fluctuations Witnessed in a Close Watch of 24Hour Exchange Rates
2024-05-13
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
1. Overall Trend Analysis
Upon analysis of the dataset, the overall trend in the exchange rates over the period seem to be relatively stable. There are minor fluctuation in the values, but no significant upward or downward trend is identifiable. The exchange rates tend to oscillate between approximately 0.576 and approximately 0.577, suggesting a somewhat flat trend.
2. Seasonality and Recurring Patterns
Identifying seasonality or recurrent patterns in a financial context is typically related to fixed periods, such as daily or weekly cycles. With the provided hourly timestamp data, it is challenging to clearly detect such patterns. Most notably, the dataset reports around-the-clock data, but without indicating whether certain hours correspond to times of high market activity. However, upon close inspection, there don't seem to be any obvious recurring fluctuations that could signify a cyclical pattern or seasonality in the changes of exchange rates.
3. Outlier Analysis
The dataset does not appear to have any significant outliers. The exchange rate values are fairly consistent throughout the time period covered, and there don't appear to be any instances where the exchange rate significantly deviates from the typical range of values. It's important to bear in mind that financial data like this can be very sensitive, and even what might seem like minor deviations can have significant implications. Still, with the data given, we do not observe any notable, extreme outliers.
In conclusion, the exchange rates provided in the dataset over the given period, are relatively stable without any significant trends, seasonality patterns, or notable outliers. Please, note that this analysis is based purely on the provided dataset and does not take into account real-world events or conditions that may have affected the exchange rates.
