2024-04-30 Rand News
2024-04-29
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
Overall Trend for Exchange Rates
After analyzing the dataset, it appears that the exchange rates for ZAR experienced slight fluctuations but remained relatively stable throughout the time period. It started with a value of 0.07286 and ended with a value of 0.07321, indicating a negligible increase, but the values fluctuated between these two figures. Nonetheless, there was no substantial long-term upward or downward trend.
Seasonality and Recurring Patterns
As for seasonality or recurring patterns, it is challenging to firmly establish these because the data's granularity spans five-minute intervals, which is too short to identify daily, weekly, or yearly patterns. Nonetheless, no apparent cyclical patterns were noted within this short time frame data. The need for a longer dataset, covering at least a few full weeks or months, becomes evident if we want to discern any noticeable daily or weekly patterns.
Outliers in Exchange Rates
Regarding the outliers, the range within which the exchange rate fluctuated was not very wide, i.e., between values of approximately 0.07265 and 0.07336. Therefore, based on the data provided, there were no instances identified where the exchange rate differed significantly enough from the general pattern of data to be considered an outlier.
Other information
In a more detailed analysis, factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports would likely play an integral role. However, in this analysis, these factors were not taken into consideration per the instructions. A dataset covering a longer time period and including information on these factors would be required for a more in-depth analysis.