2024-04-17 Romanian Leu News
2024-04-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding of Overall Trend
The exchange rate started at 0.29503 and ended at 0.29513, overall there is a very small upward trend for the RON within the timeframe given. However, the continuous movement around 0.294 to 0.2955 indicates that the rate remains relatively stable.
2. Identifying Recurring Patterns
While it's challenging to discern any specific recurring patterns at a glance due to relatively stable trend, a closer investigation or perhaps a more thorough algorithmic approach would be required to detect any nuanced daily or hourly fluctuations.
3. Noting Outliers
There are no severe fluctuations or notable outliers in the exchange rate data provided. The range of exchange rate seems to be quite constrained, with a minimum of around 0.294 and a maximum around 0.2958. This indicates a lack of extreme behaviours in the data.
Nevertheless, further drilling down into minute or second level resolution, we may notice short-term anomalies. To assert this, a statistical analysis (like a box-plot or a z-scores) would provide solid ground.
Given the low variance of the dataset, it is important to note that even small changes in the exchange rate could be significant in some cases, depending on the scale of the transactions involved. Further investigation would require a detailed context of the use case.