2024-05-14 Turkish Lira News
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2024-05-13
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
1. Understanding the overall trend of the exchange rates
Looking at the provided data, the overall trend of the exchange rate is relatively stable with slight fluctuations. The TRY exchange rate has slight variations throughout the day but shows no significant increase or decrease over the period. It is noted here that the changes are within a range of 0.04233 to 0.04251, which indicates a relatively steady rate.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
In this intra-day data, there does not seem to be a very clear recurring pattern or seasonality of the TRY exchange rate at different times during the day. The rate fluctuates moderately within the range stated earlier but does not show a systematic intra-day ascending or descending trend. Hence, a clear pattern of seasonality is not observed in this data.
3. Noting any outliers, or instances where the exchange rate differs significantly
From the data, we don't see any noticeable outliers, instances where the exchange rate differs significantly from what we would expect based on the observed narrow range. The values of TRY exchange rate throughout the day remain within the close interval of 0.04233 to 0.04251. The exchange rate remains consistently within this interval, suggesting outliers are rare or possibly non-existent in this dataset.
However, please note that this analysis is based on the observed pattern in your provided data. It's not considering any external factors like the weekends, holidays, or market-related events which could cause larger changes in the exchange rates. For a more detailed and accurate analysis, these elements should be taken into account along with longer-term historical data if available.
![Turkish Lira Holds Steady: A Day of Minute Fluctuations](http://currencymart.net/images/news/turkish-lira/2024-05-14/img-rztyjXFeueQORyzgRTOxYLp7.webp)