2024-05-15 Somoni News
2024-05-14
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
The dataset includes hourly observations of the exchange rate from May 14th, 2024, with the rate ranging from 0.12498 to 0.12554. The data suggests a relatively stable exchange rate as there is only a minor change throughout the duration. There is no distinct trend of continuous increase or decrease; however, minor fluctuations occur periodically.
Seasonality and Recurrence Pattern
The data does not provide clear seasonality patterns or recurring trends as observed through these instances. There is an observable fluctuation in exchange rate, yet it is gentle and does not seem to follow a daily or monthly pattern. While there may be underlying patterns or trends based on broader market movements or economic cycles, these cannot be inferred from this limited dataset without more extended periods.
Outliers in Exchange Rates
Given the minor degree of fluctuation, there do not appear to be significant outliers in this data. The values remain quite consistent throughout. Presumably, any variation may be due to hourly activities in the currency market. Outliers are typically identified as those values that significantly deviate from the trend or average. However, considering the consistent trend observed, no outliers could be inferred.
Indeed, further granular data, extended over a longer duration and supported by other statistical measures (for instance, volatility measures, Moving averages, etc.) would provide a more comprehensive insight into the behavior of these exchange rates.
In a nutshell, this exchange rate dataset exhibits a relatively stable trend with mild fluctuations over time. The lack of significant outliers and seasonal trends makes it a seemingly consistent currency pair during the observed period.