2024-05-01 Rufiyaa News
2024-04-30
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analyzing the dataset you have provided, here's what I have found:1. Understanding the overall trend of the exchange rates
The overall trend of the exchange rate looks to be increasing over time. The MVR exchange rate starts at 0.08856 and ends at 0.08913. There are minor fluctuations within the data, but the overall movement shows an increase. However, the change is not drastic, suggesting a level of stability in the MVR exchange rate within the period covered by the dataset.
2. Identifying any seasonality or recurring patterns
From the dataset, it is difficult to identify any clear seasonal patterns due to the short range of the dataset. Seasonal patterns, such as variations due to day/night or weekday/weekend, typically require long-term data covering multiple repetitive cycles to be clearly observed. In this case, the data only spans a single day, which is insufficient to discern such patterns.
3. Noting any outliers
Most of the MVR exchange rates in this dataset range from 0.0885 to 0.0892. However, there are a few points where the rate significantly increases, such as the jump from 0.08852 to 0.08882 at around 07:30 and 07:40 respectively. This could be considered an outlier. Another instance that could be considered an outlier is around 08:00 where the rate jumps to 0.0889 from 0.08883 at 07:55.
Please note, the outliers identified are relative to this specific data set and have been noted because they differ from the otherwise relatively stable trend of the data. Economic factors, market activity and numerous other variables could account for these outliers, but without specific context or additional data, it's impossible to definitively say why these outliers exist.
In conclusion, while the MVR exchange rate appears to be relatively stable, there's a marginal increase seen over the timescale of this data. No clear seasonal patterns were detected, and while a few potential outliers were noted, their presence doesn't substantially change the overall interpretation of the data.
