2024-05-07 Tala News
2024-05-06
Summary of Last Month
- 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
After analyzing the data provided, we can observe a slight downward trend in the exchange rates between 2024-05-06 00:00:02 and 2024-05-06 23:55:02. The rate started at 0.48821 and ended at 0.48793, which indicates a small decrease overall. However, the exchange rates do not show a pronounced downward or upward linear trend. The movement of the exchange rates is rather irregular with both increases and decreases spread out.
Seasonality or Recurring Patterns
From the given data, it's hard to identify any clear seasonal patterns or recurring trends because the data sample only covers a single day. For clear seasonality or recurring patterns to be observed, we would typically analyze data over a longer period. Patterns might emerge at different time scales such as weekly, monthly, or yearly. Hence, concluding on seasonality trends from this dataset might result in a misleading analysis.
Outliers in Exchange Rates
Regarding outliers or significant deviations, it is hard to ascertain from the given data as the rate fluctuates relatively minimally. The difference between the maximum rate (0.48826) and the minimum rate (0.48689) over the period was 0.00137, which appears to be a slight fluctuation. The irregularities in the data seem to follow a reasonable and likely natural dispersion pattern as is usually expected in a financial market.
Note
As requested, the analysis does not take into account any external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Given the complex nature of foreign exchange markets, such external factors can influence rates significantly, so their exclusion from this analysis is noteworthy.
