2024-04-18 SDR (Special Drawing Right) News
2024-04-17
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
From the dataset, it appears that the overall trend of the exchange rates tends to fluctuate within a relatively narrow range. However, events of nominal increase and decrease are observed throughout the series. There is no discernable pattern of significant and consistent rise or fall, implying a relatively stable market condition.
Identifying Seasonality or Recurring Patterns
Given the data covers less than a day, it's difficult to view any noticeable seasonality or recurring patterns. Nevertheless, minute scale patterns may occur, but additional computational analysis would be necessary to detect those. Should the data cover a more extended period (like weeks, months, or years), identifying recurring patterns would be more feasible and accurate.
Outliers
There are some outliers in the dataset where the exchange rate shifts comparatively more than other instances in a short time. However, these outliers do not appear to significantly disrupt the overall trend. These may be due to temporary spikes in buying/selling activity or mini trends within the intra-day trading.
Note: It's important to remember that the precision in these conclusions might be improved with a larger, more detailed dataset, as well as specific events, market opening/closing hours, weekends/holidays, or the release of key financial news and reports. However, for this analysis, those factors were not taken into account as per the instructions.