2024-05-09 Turkish Lira News
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2024-05-08
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 of the Exchange Rates
From the first look at the dataset, the TRY exchange rate appears to be quite stable throughout the period. The rates range from a low of 0.04231 to a high of 0.04266. This suggests that there were not any significant trend of increase or decrease in the rates over the time frame. The majority of changes between the rates at different timestamps are very incremental, suggesting that the value of TRY was quite stable during this period.
Seasonality or Recurring Patterns
The data does not seem to have a clear pattern of seasonality since the values are quite uniform. The slightest fluctuation tends to be within a bound of 0.0423 to 0.0426. Therefore, it can be deduced that there isn't a strong recurring pattern in the changes of exchange rates from the given data.
Outliers in the Exchange Rates
In terms of outliers, no significant outliers are visible in the given dataset, as the exchange rates remain fairly close throughout. Any fluctuations are minimal and within a small range, signaling that the currency has been fairly stable. Therefore, there aren't any instances where the exchange rate differs significantly from what would be expected based on the prevailing trend.
![Slight Surge Involves Turkish Lire Throughout the Day
On May 8, 2024, the Turkish Lire (TRY) witnessed a subtle flux in its exchange rates over a 24-hour period. Intricate mapping and observation of the exchange data highlight a miniature but intriguing tale of financial happenings that might go unnoticed at a casual glance.
The day commenced with the TRY maintaining a steady exchange rate. Seated comfortably at 0.04262 at the beginning of the day, the rate remained unchanged for the next few hours. However, a minute dip to 0.04261 around 00:35:02 was observed. The rest of the early hours saw a slight oscillation, the key highlight being a slight uptick to 0.04266 around 02:10 am.
Post this, the TRY experienced a downward trend hitting a low at 0.04251 at about 02:45:02, until it bounced back to 0.04260 by 03:15:01. What followed was a maintenance phase where the TRY held its ground around the 0.04260-0.04263 range for a significant period. However, an interesting development awaited at 16:20:03 when the exchange rate plunged to 0.04231, marking the steepest fall for the day.
Despite the setback, the TRY made a comeback to 0.04250 by 17:05:03 and managed to sustain itself in the same vicinity till the day](http://currencymart.net/images/news/turkish-lira/2024-05-09/img-MRwPzOeo5fgzRsoBLo5AgLyu.webp)