Uncommon Stability Seen in Turkish Lira Amid Modest Volatility
2024-04-17
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
Upon analysing the dataset, it is observed that the TRY exchange rate has been relatively stable over the course of the timeline given. Starting at a rate of 0.04244, it fluctuates mildly between 0.04230 to 0.04253. This signifies a low level of volatility in this particular time frame which could be indicative of a stable economic environment during this period.
Seasonality Analysis
The given dataset does not indicate any clear seasonality or recurring patterns in the exchange rate over the specified timeline. The rate experiences mild fluctuations across different time slots, but no consistent pattern or cycle is observed. Since the data spans over a short period, seasonality might not be a determinant factor in this analysis. Longer periods of time series data might show noticeable seasonality or trends.
Outliers Analysis
No significant outliers have been observed in the time-series data for the TRY exchange rate. This suggests that during the period under review, there were no extreme fluctuations indicating any extreme events in the financial markets that might have impacted the TRY exchange rate. All variations seem to be within a reasonable range, keeping in line with the stable trend observed.
It is important to note that this analysis is purely statistical based on the given data, and does not consider the influence of other possible factors such as economic indicators, geopolitical events, or policy decisions. Furthermore, this analysis does not provide any forward-looking projections or forecasts.