2024-05-10 Tala News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-09
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
After a careful review of the provided dataset, it appears that the overall trend of the exchange rate (WST) from 2024-05-09 00:00:02 to 2024-05-09 23:55:02 fluctuates slightly throughout the time period. The rate started at 0.48961 and ended at 0.48825, indicating a marginal downward trend in the exchange rate for the day. There is minor variability in the rates throughout the day, but no significant upward or downward trend can be observed.
Seasonality or Recurring Patterns
Time series data over a longer period is typically needed to accurately identify seasonality or recurring patterns in exchange rates. Considering the one-day duration of this dataset, it is challenging to identify any clear patterns or seasonality. However, minor fluctuations appear to occur throughout the day, which could be associated with trading activities and market events, but a detailed pattern or period of recurrence is not discernible from this dataset alone.
Outliers Analysis
By reviewing the provided WST exchange rate data, no obvious outliers are identified. The exchange rates fluctuate within a relatively narrow range from a minimum of 0.48766 to a maximum of 0.48999. No singular values significantly deviate from this range, so no observable outlier can be noted based on the given dataset.
Please note that for a comprehensive and detailed understanding of exchange rates and their patterns, it would be beneficial to study weekly, monthly, and annual fluctuations. Also, considering factors such as economic indicators, financial news, and geopolitical events could provide more accurate and insightful analysis.
![Unpredictability Rules as WST Exchange Rates Witness a Rollercoaster Ride](http://currencymart.net/images/news/tala/2024-05-10/img-os7GGb2DCJ4XalERq9vTjqpF.webp)