2024-04-30 Serbian Dinar News
2024-04-29
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Analysis
The provided data is a time-series financial data that records the value of RSD exchange rate from 2024-04-29 00:00:02 to 2024-04-29 23:45:02. The data gives a clear minute-by-minute update of the financial position of this time period.
1. Understanding the overall trend of exchange rates
On a macro scale, the RSD exchange rate tends to show slight fluctuations but remains relatively stable over the course of the entire period. The rate starts from an initial 0.01247 and it generally fluctuates between this rate and 0.01251. It's worth noting that although the changes in the exchange rate might seem small, they can signify huge relative valuation changes in the forex market.
2. Identifying any seasonality or recurring patterns
From the data provided, it is challenging to identify any seasonality or recurring patterns in the exchange rates. This could be due to the fact that the provided data only covers a single day. Seasonality in the forex market typically needs a much longer period to analyze, often at least a few years. Therefore, with the current data we have, it's not possible to make a solid conclusion about seasonality or recurring patterns.
3. Noting any outliers
There is no evident outlier in the provided data. All the fluctuations in the RSD exchange rate seem normal and are within a very close range. As far as the provided data is concerned, no instances where the exchange rate differs significantly from what would be expected based on the trend can be identified.
Interestly, the data seems rather too carried away by the 'stability', providing no sufficient evidence of market irregularities, behavioral biases, or external shock-prone reactions, that are usually common in currency markets. It's conceivable to infer that the RSD market could be less volatile or could also imply that the minute interval might not be the best resolution to capture significant market events .
Please note that this analysis only provides information for the given date and duration. Different trends, patterns, and outliers might be observed if the data is extended or reduced.
To provide a more comprehensive and accurate analysis, data extending over a longer period and considering external influences such as economic indicators, financial announcements, geopolitical events among other factors might need to be considered.
