2024-05-01 Romanian Leu 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
Overall Trend Identification
Looking at the provided data, it suggests that the exchange rates have been fluctuating within a relatively narrow range over the date of 30th April 2024. There is a slight upward trend from 0.29442 to 0.29546, which is a percentage increase of approximately 0.35%. However, no glaringly significant rise or fall is observed, signifying a mostly stable trend throughout the day. The minute fluctuation in prices is indicative of market volatility typically observed in forex trading.
Seasonality and Recurring Patterns
In the context of this daily data set, there are no evident seasonality or recurring patterns. The dataset doesn't cover a lengthy duration, and forex prices require broader sample periods to establish any seasonal patterns, such as weekly or monthly cyclical occurrences. However, during the trading hours, there seems to be higher volatility which can be attributed to the increase in trading volume.
Detection of Outliers
The given data set doesn't exhibit any robust outliers. There is no pronounced spike or fall in the exchange rate. While there is variation, the price changes fall within the typical range for day trading in forex markets. Therefore, it's safe to say that all variations noted here are within the regular trading volatility and can't be classified as outliers, based on the given dataset.
Summary
- The trend for RON's exchange rate throughout the day on 30th April 2024 is mostly stable with minute fluctuations, indicative of regular market volatility.
- No discernable recurring patterns or seasonality are noted in the data due to the short duration covered by the dataset.
- No distinct outliers were observed, as the changes in exchange rates were within the range expected for routine trading activities.