2024-05-22 Pa Anga News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of the Trend:
After assessing the data provided, it can be seen that the exchange rates are generally stable across the timestamps provided. The rates seem to fluctuate between a narrow margin of 0.577 and 0.579. However, these are slight changes that don't indicate a significant increasing or decreasing trend over the time period considered.
Seasonality and Patterns:
On the preliminary evaluation of the data, there doesn't seem to be a clear seasonality or recurring patterns in the changes of exchange rates. The rates fluctuate between a small range which is characteristic of financial time series data. Without more data points or knowledge about the type of currency pair, it is challenging to identify any distinct seasonality or recurring patterns based solely on the provided data.
Identification of Outliers:
Within this dataset, there are no apparent outliers or instances where the exchange rate differs significantly from what would be expected based on the overall trend. This is keeping in view that the exchange rates tend to remain within a tight band of 0.577 to 0.579. Therefore, it doesn't appear that there are any drastic changes or anomalies in this data.
Summary:
The provided data displays a stable trend in exchange rates, with no clear increasing or decreasing tendency. There are no identified outliers, indicating consistent exchange rate patterns. Further analysis might be conducted with additional data, such as a wider timeframe or the influences of key economic indicators, to better understand any underlying patterns or contributing factors.
![Unstable Exchange Rates Witnessed; Rollercoaster of Rates Necessitate Market Vigilance](http://currencymart.net/images/news/pa-anga/2024-05-22/img-51fpHt09EUKbCVDlFBqAqw6C.webp)