2024-05-13 Silver News
2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of the Exchange Rates:
After a careful analysis of your dataset, we notice that the exchange rate has experienced fluctuation throughout the entire period. By the start of the data, we see that the exchange rate was about 39.87559. It then fluctuated up and down throughout the period until it eventually ended at 38.65481 by the end of the dataset. Thus, we can infer that the overall trend shows a slight decrease in the exchange rate over the period. However, the rate continued to fluctuate repeatedly over time.
2. Identification of Seasonality or Recurring Patterns:
Although the exchange rates kept changing throughout the period shown, there isn't a clear pattern of seasonality in the data. However, it is common to see fluctuations happening frequently, which might reflect everyday trading activities of the financial market.
3. Noting any Outliers:
We noticed a few significant dips in the data which could potentially be qualified as outliers. For instance, a significant dip is observed around April 22 with the exchange rate goes down as low as 36.78770. Nevertheless, these instances are sporadic and don't represent a common trend. It's essential to note that these outliers could have resulted from various unexpected situations that may happen on given days that affect the exchange rate.