2024-05-15 Romanian Leu News
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2024-05-14
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
The overall trend of the exchange rates, in this case, seems to show a slight increase. The value oscillates around a point but this point seems to slightly ascend as the timestamps progress. This increase is very slight and not consistent, there are many moments where the rate experiences a decrease but the general direction is upwards. However, the rate does not experience a significant increase or decrease over a short period of time, it remains fairly stable.
Seasonality/Recurring Patterns
Due to the large amount of data, it is challenging to identify definitive seasonal patterns. No consistent patterns or seasonal trends are immediately apparent from the data provided. The exchange rate does not seem to show daily repeatability. However, it is noticeable that the data experiences regular fluctuations. There may be some finer, nuanced patterns that are obscured by noise in the data. Thorough statistical analysis and modeling may help to identify such patterns.
Outliers
The value of the exchange rate seems stable, and there are no significant increases or decreases within a short time frame. Therefore, no significant outliers can be identified from this dataset. The exchange rate behaves within a specific, expected range. This kind of data usually doesn't tend to have abrupt changes unless influenced by significant world-economic factors.
![Fluctuation in RON exchange rate marks moderate volatility for investors](http://currencymart.net/images/news/romanian-leu/2024-05-15/img-lwovECBewjHLdpIHzHi8hpgb.webp)