2024-05-01 Philippine Peso News
2024-04-30
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding Overall Trends
Observing the given data, it seems that the exchange rates start with a value of 0.02376 and then fluctuate in a tight range to end at 0.02382. While there seems to be a slight upward trend in the exchange rate, the movement is quite marginal. There is no consistent upward or downward direction, and the rate remains relatively stable throughout the given time period.
Identifying Seasonality and Recurring Patterns
Due to the short duration of the data (only for one day), it’s hard to make a definitive statement about any seasonality or recurring patterns in the changes of exchange rates. The given data does not encompass different seasons of the year. Hence, any interpretation in terms of seasonality would be highly speculative and potentially inaccurate. However, there's a slight hint of higher values during several hours which might indicate certain daily patterns that require further and deeper investigation with a more extended dataset.
Outliers
The data provided doesn't seem to contain any significant outliers. The exchange rates fluctuate within a very tight range (0.02370 - 0.02384), and maximum single-step changes are quite small. In this sense, the data exhibits a remarkable level of consistency and stability.
Note
A consideration of external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports can significantly aid in decoding the trends in exchange rates. Similarly, predictive modeling could help provide future insights. However, as per the stated requirements, these factors have not been considered for the current analysis.