2024-05-21 Pataca News
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2024-05-20
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
Data Analysis of the given Time-Series Data
The provided data set represents a time series of exchange rates (MOP) over time. The specific timestamps for the data points span around a day. Here is a outline of the overall assessment of the exchange rates based on the provided data:
1. Understanding the overall trend of the exchange rates
In a general sense, we can see that the MOP exchange rate has an upward trend. It started at a rate of approximately 0.16982 at the starting timestamp and, by the end of the series, it achieved a rate of 0.16963. However, this upward trend is very slight as the increase in rate is very minor, indicating that the MOP exchange rate is comparatively stable over this period.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
When it comes to seasonality or recurring patterns within the data, the given dataset does not explicitly indicate any conspicuous patterns. The exchange rate tends to change very subtly over the given period, showing a mostly stable flow, although very micro-level fluctuations are frequent. To get a clearer perspective on any potential recurring patterns or seasonality, a dataset spanning a longer timeframe would be more helpful since it would cover a broader scope of the exchange rate movements and their repeated characteristics.
3. Noting any outliers, or instances where the exchange rate differs significantly from the expected norm
Over the period under observation, there are not many significant outliers in the dataset, again implying a relatively stable exchange rate. However, one outlier is worth mentioning: at the timestamp of 2024-05-20 06:20:02, a sharp decline in the exchange rate to 0.16943 occurs, which appears to diverge significantly from the overall trend witnessed. Nonetheless, in absence of additional data points or contextual information, the reason behind such deviation remains unclear.
Given the data, it's safe to surmise that the exchange rate is moderately stable and shows subtle, but frequent, fluctuations. The presence of the single outlier is noteworthy. However, without more information or more data over a longer time period, it's difficult to provide a more comprehensive analysis or determine the presence of seasonality.
![Minor yet Steady Advances in MOP Exchange Rates in One-Day Span](http://currencymart.net/images/news/pataca/2024-05-21/img-c3sCmOA5UwljETtbvTPg5QBt.webp)