2024-04-26 Rufiyaa News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend
Upon inspecting the given dataset, there is no strong upward or downward trend visible in the MVR exchange rates. The values appear to fluctuate around the range of 0.08830 to 0.08888, which suggests relatively stable exchange rates throughout the given timestamp. There are small variations in the data; however, these changes do not constitute a specific directional trend in the long term.
Identifying Recurring Patterns and Seasonality
As far as seasonality is concerned, no clear seasonal pattern can be discerned from the provided data. Given that the data reflects exchange rates evolving over a single day, one might not expect noticeable seasonality. Intraday changes in exchange rates can be influenced by a host of different factors including, but not restricted to, variations in trading volumes and volatility. These factors do not generally follow a seasonal pattern.
Outliers
The dataset does not appear to contain any significant outliers. While there are occasional peaks and troughs in the exchange rates, these fit within the general trend of the data and do not greatly deviate from the average. It's important to note that in financial data, slight upticks or downticks are common and integral to the nature of such data; they do not necessarily constitute outliers.
Consideration of External Influences
While not explicitly requested in the goal, it is important to be aware that financial data - including exchange rates - are subject to a variety of external influences, including but not limited to market open/close times, weekends/holidays, and the release of significant financial news and reports. Although we did not consider these factors in our analysis, understanding these can be crucial in interpreting fluctuations in exchange rates.
