2024-05-22 Tala News
2024-05-21
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 overall trend from the provided data appears to offer slow fluctuations over the given time period. There is not a prominent increasing or decreasing trend but seems to display a stability in terms of the rates being presented. The maximum observed rate is 0.48766 while the minimum rate noted is 0.48573. It implies only small variances happened during the time series provided.
Seasonality / Recurring patterns Identification
As for seasonality or recurring patterns, due to the short observation period provided, it is challenging to thoroughly identify any seasonal trends or patterns. Typically, for such determination, a broader period including different seasons or even years might be needed, which may include cyclical influences such as economic, political or social events.
Analysis of Outliers
Regarding outliers, this would involve an examination where data points significantly deviate from other observations. They often result from errors but can be offering valuable information. Nevertheless, from the given set, no significant outliers can be identified. The exchange rate remained fairly stable with minor fluctuations. Please note these insights are based only on the available data slice from May 21, 2024, and generalized trends, patterns or outliers identification might require a larger dataset covering an extensive span. This would provide a more comprehensive understanding of the exchange rate's behavior over different seasons or even several years.
While no specific events were considered during this analysis, such occurrences can often cause significant impacts on exchange rates. It is, therefore, recommended also to consider these external factors where possible for a thorough understanding.
