Volatility Surge Noted in WST Exchange Rate Performance
2024-04-16
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 of Exchange Rates
Given the timestamps and the WST exchange rates we have, we can observe a small range fluctuation of the rates. The WST exchange rate started at 0.49293 and ended at 0.49298 on April 16, 2024. Although there's a small fluctuation in the exchange rate, overall, the WST exchange rate remained relatively stable throughout the day. No constant increase or decrease trend is noticeable within this particular timeframe.
Seasonality or Recurring Patterns in Exchange Rates
No clear seasonality or recurring patterns can be confidently stated based on the given data. The exchange rate doesn't show any repeated rise or fall in a specific time period to indicate any seasonal effect. Also, as the data is limited only to a single day, it makes it harder to generalize about a broader pattern. Several days or months of data might provide more insight into any potential seasonality.
Outliers in Exchange Rates
From a quick observation of the dataset provided, there doesn't seem to be any significant outliers where the exchange rate differs significantly from its neighbouring values. The variance of the WST exchange rates is very small within the day. The exchange rate fluctuates around the value of 0.492 with minor deviations.
Conclusion
In conclusion, within the provided dataset, the overall trend of exchange rates seems relatively stable with no major jumps or falls. There's no clear seasonality or recurring patterns noted in the dataset. Lastly, there are no prominent outliers in the exchange rates for the provided timestamps. However, it's important to mention, for a thorough and more accurate analysis bigger datasets with a broader time range is needed. This dataset is quite limited as it only entails the exchange rates data of a single day.