2024-05-07 Romanian Leu News
2024-05-06
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
The dataset provided spans over a day, with the exchange rate data timestamped at approximately 5-minute intervals. After reviewing the exchange rates, it's apparent that the rates slightly fluctuate throughout the day. The range of variation is relatively small (0.29647 - 0.29592), indicating a relatively stable exchange rate. However, it seems there's a mild upward tendency, as the value at the end of the day is marginally higher than that at the start.
Seasonality and Recurring Patterns
Given the short timeframe of a single day, it's difficult to make concrete conclusions about seasonality and recurring patterns. Seasonality usually refers to patterns that repeat over a bit longer-term, such as weekly, monthly, or yearly. However, there are small periodic fluctuations in the data that could potentially suggest a regular intraday pattern, though we can't be certain without examining multiple days of data. Notably, notable deviations from the regular 5-minute intervals might be due to market microstructure noise.
Outliers
Outliers, or instances where the exchange rate deviates significantly from the prevailing trend or seasonality, are not readily apparent in this dataset. The exchange rate doesn't fluctuate drastically within this 24-hour period. Therefore, no obvious outliers can be identified.
In conclusion, the data provides a snapshot of the exchange rate dynamics experienced in a single day. With the limited span of data, it's difficult to draw significant long-term trends or patterns. However, in this short-term timeframe, the RON exchange rate appears quite stable with minor fluctuation.