2024-04-26 Romanian Leu News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend in Exchange Rates
Upon reviewing the time series data provided, it can be observed that the exchange rates (RON) demonstrate small fluctuations throughout the time period. The rate seems to start at approximately 0.29464 and end at 0.2942, indicating a slightly decreasing trend over the period covered in this data. However, the rate stays relatively close to the 0.2940 mark with no significant upward or downward trends.
Seasonality or Recurring Patterns
The dataset provided for this analysis does not appear to have any obvious seasonality or recurring patterns, based on the time intervals available. There seem to be fluctuations in the data, yes, but not in a manner that suggests a distinct, repetitive pattern over specific intervals. It is important to note that this conclusion is based solely on the dataset and timeframes provided - further or different timeframes may reveal more detailed or varying patterns.
Identification of Outliers
An outlier is an observation that lies at an abnormal distance from other values in a random sample from a population. In this dataset, no significant outliers have been observed. The exchange rates recorded throughout the entire period consistently range from about 0.294 to about 0.295, with no extreme highs or lows. This consistency does not indicate drastic volatility in the exchange rates during the given timeframe.
Additional Observations
It's important to note that these results are based solely on the data provided, and do not take into account external factors which could impact exchange rates, such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These factors can potentially have significant influence on exchange rate trends and fluctuations. For a more comprehensive analysis, additional data points, including these external factors, may need to be considered.
In conclusion, the RON exchange rate has relatively stable with minor fluctuations over time in the given dataset. These observations, however, are based on the provided data and do not forecast future rates or reflect any potential impact external factors may bring to bear.