2024-05-03 Som News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Let's dive into the comprehensive analysis of the provided time series dataset.
1. Overall Trend
The overall trend of the exchange rates seems to be slightly decreasing over the time period shown. The exchange rate started at 0.01547 on 2024-05-02 00:00:02, and ended at 0.01541 on 2024-05-02 23:55:02. This indicates a small decrease of around 0.00006 in the exchange rates over the entire time period.
2. Seasonality or Recurring Patterns
Seasonality or recurring patterns are often harder to identify in financial time series data due to myriad influences on exchange rates. However, in this provided data, the exchange rate seems relatively stable without any prominent recurring patterns. Precise seasonality could be better extracted through more sophisticated methods such as autocorrelation or Fourier analysis.
3. Outliers
From the provided data, there are no apparent outliers. The exchange rate seems to fluctuate within a very narrow range (0.0154 - 0.01548), relatively. Hence, this data does not seem to have any instances where the exchange rate differs significantly from what would be expected based on the trend.
Given the nature of the data and the absence of additional contextual information, these insights mostly revolve around the statistical properties of the data set. Further deep-dive analysis would require more complex methodologies or additional explanatory variables.
Please note, this analysis does not consider specific external events or market influences, as asked. But keep in mind, for a thorough understanding of exchange rates, it will be beneficial to take these aspects into account, as they play a significant role in exchange rate movements.