2024-05-22 Romanian Leu News
2024-05-21
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 Analysis
First, the overall trend of RON exchange rates needs to be addressed. According to the data given, the exchange rates seem to fluctuate throughout the period shown, with changes at different time intervals. A more detailed analysis may reveal whether these rates are on a general increase, decrease, or whether they remain stable over this period.
Seasonality and Recurring Pattern
Time series data often exhibit seasonality patterns where certain trends repeat at regular intervals. In the case of exchange rates, these trends could be attributed to a variety of factors such as market dynamics, economic policies, or global events. By analyzing the data in detail, any seasonal or recurring patterns can be identified which could give us a deeper understanding of the exchange rate behaviour.
Identification of Outliers
An integral part of any data analysis, and especially, financial data analysis, is the identification of outliers. Outliers are data points that are significantly different from the others. They may indicate a mistake in data collection, or can be representative of certain irregular events. By recognizing such outliers in the data, a more accurate trend analysis can be performed.
Note: This analysis does not take into consideration specific events, external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. We are purely focusing on the numbers to understand the inherent trend, seasonality, and outliers, not to generate any forecast for future rates.
