2024-05-06 Romanian Leu News
2024-05-05
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall trend of the exchange rates
After examining the provided data, it is apparent that the RON exchange rates showed a generally slight decreasing trend over the period. The value started near 0.29564 and ended near 0.29547. Despite some fluctuations in the rate, the value steadily trended downwards. However, the range of fluctuation is quite small, indicating a relatively stable currency during this period.
Seasonality or recurring patterns in exchange rates
In regard to seasonality or recurring patterns, the dataset does not provide clear evidence of any strong seasonal trends or patterns, primarily due to its high-frequency nature and small range of fluctuation. However, some micro-trends can be noted within certain dates, but these are short-lived and do not seem to exhibit a consistent pattern over the longer term.
Outliers in the data
Concerning the presence of outliers, the data appears to be fairly consistent, with fluctuations remaining within a minimal range. While there are peaks and troughs, these do not appear to be extreme or unexpected within the context of the overall data. Therefore, it is safe to conclude that significant outliers do not exist in this dataset if we consider only the numeric data provided.
Consideration of external factors
As per the provided instructions, external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not considered in this analysis. The analysis was based solely on the numeric data of exchange rates over time and did not generate any forecast for future rates.