2024-05-09 Serbian Dinar News
2024-05-08
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
Based on the data provided, the exchange rates remain relatively stable over the time period depicted. There are slight fluctuations in the currency rates throughout this time series provided - from 0.01259 to 0.01262. However, those changes are very subtle, indicating a very stable rate. There is no persistent upward or downward trend that could suggest a larger move in the currency value.
Seasonality Or Recurring Patterns
There doesn't appear to be any obvious seasonality or recurring patterns in the exchange rate changes. The slight fluctuations to the rate occur at random intervals. This could suggest that these changes are more likely driven by external factors not captured in this time series data set and the currency values are more volatile at a higher level than on a 5-minutes level.
Noting any outliers
Throughout the dataset, no significant outliers were detected. In fact, with all rates falling within a very tight range, it suggests an extreme level of consistency in the exchange rate for this particular pair. That usually is unusual for exchange rates, which often exhibit greater volatility and are influenced by a host of external factors. It is also important to note that the dataset's tight range could either be a characteristic of these two specific currencies or a product of the relatively small snapshot of time the data encompasses.
In conclusion, this time-series data demonstrates tight consistency with no obvious overall trend or seasonality. However, it is important to further analysis and include other factors like financial indicators, economic events, or longer historical data for a more comprehensive and accurate analysis.
