2024-05-10 Turkish Lira News
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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 of Exchange Rates
Based on the provided datasets, the overall trend of TRY exchange rate on the given date is relatively stable, with minor fluctuations. The rate started at 0.04252 at 00:00:02, and it ended at 0.04243 at 23:55:02 on the same day. While there are tiny back and forth movements, they are very minute, and the value didn't move far from where it began. Therefore, during this time period, we can state that the TRY exchange rate barely changed.
Patterns and Seasonality
The seasonality or recurring patterns in the exchange rate are difficult to identify in the provided dataset. Within one day, the exchange rate's movements are quite erratic and don't appear to follow a set pattern. There's no strong indication of hourly or minutely seasonality within the dataset based on the scope of the current data.
Outliers
As for outliers, in this kind of financial time series data, they're typically considered as instances where the exchange rate moves by a statistically significant amount in a short period. However, in this dataset, there is no substantial fluctuation or significant movement observed in a short time frame. The deviations of the exchange rates from the mean are minimal, suggesting there are no outliers in the provided dataset.
Please keep in mind that exchange rates can be influenced by many factors, including economic indicators, interest rates, inflation, and geopolitical events. Therefore, it would be necessary to consider these external factors if a more extensive analysis or a forecast was to be carried out, in order to improve the accuracy of understanding of the exchange rate behaviors.
![Modest Surge in TRY Exchange Rates Observed in Tight Trading Conditions](http://currencymart.net/images/news/turkish-lira/2024-05-10/img-bDjnbbOns4Fx7X1k4UtAN9XJ.webp)