2024-04-19 Romanian Leu News
2024-04-18
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
After analyzing the time series data of ron exchange rate from 2024-04-18 00:10:02 to 2024-04-18 23:55:02, the following observations were made:
Understanding the Overall Trend
The overall trend of the exchange rates during this period appears to be relatively stable, with minor fluctuations. The rate initially starts at 0.29515, climbs up slightly to a peak of about 0.29538, and then descends, hitting a low of 0.29327, before recovering back to end on 0.29459. However, the difference between high and low rates is very small, suggesting that the rate remains relatively steady and does not demonstrate a clear upward or downward trend within this timeframe.
Identifying Seasonality or Recurring Patterns
Given the limited span of this data, it is challenging to identify any seasonality or recurring patterns in the changes of exchange rates. The entire data set covers only a 24-hour period, and traditional definitions of seasonality often look at patterns that recur yearly, or at least require several months to identify. Based on just this single day's worth of data, it is not possible to identify any reliable or significant recurring patterns.
Noting Any Outliers
Most of the rates in this data set fall within the range of 0.294 to 0.296. However, one rate of 0.29327 stands out as an outlier because it is significantly lower compared to the rest. This could have been caused by one or more influential factors not recorded in the dataset, and warrants further investigation to understand its underlying reasons.
Overall, this analysis provides a snapshot of a single day's fluctuations in the ron exchange rate but does not give much insight into long-term trends, seasonality, or unusual occurrences. A more extensive dataset, covering a more extended period, would be needed for a more in-depth understanding of the ron exchange rate's behavior.
It's critical to remember that this analysis is simplistic and purely data-driven. External factors such as economic indicators, political events, or market sentiments can often significantly impact exchange rates, but such factors have not been considered here as per the given instructions.