2024-05-07 Turkish Lira 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
Understanding the overall trend of the exchange rates
The overall trend of the TRY exchange rate in the dataset appears to be relatively stable, although there are some minor fluctuations. The exchange rate starts at about 0.04238 at the beginning of the timeframe, and ends at approximately 0.04234 by the end. There were periods during which the rate slightly increased or decreased. Yet, the movement does not indicate any significant uptrend or downtrend.
Identifying Seasonality or Recurring Patterns
Given that the dataset only covers a single day, it is challenging to identify any significant seasonality or recurring patterns over longer periods, such as weekly or monthly trends. However, within the intraday scope, there doesn't seem to be a clear recurring pattern that would suggest a predictable rhythm in exchange rate fluctuation. Of course, this might look different on a weekly basis or if special hours would be considered.
Noting Outliers
With regard to outliers within this dataset, there doesn't seem to be any significant anomaly. The majority of changes from one timestamp to the next are very minor. The range of exchange rates over the day is also quite narrow (0.04225 - 0.04242, which is less than 0.4%). Thus, we have not identified any strong outliers or instances that differ significantly from the overall trend. However, at times of economic uncertainty, outliers may become more common due to volatility in the foreign exchange market.
