2024-05-15 Turkish Lira News
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2024-05-14
Summary of Yesterday
- 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
Based on the data provided, the overall trend of the exchange rates appears to be relatively stable. The exchange rate starts at 0.04241 at the beginning of the data set and ends at 0.04226, which is a decrease of less than 0.4%. Therefore, we can say that there are no significant ups and downs in the rate during this time.
2. Identifying Seasonality or Repeating Patterns
Identifying seasonality or repeating patterns in time series data requires advanced statistical methods. However, a preliminary visual assessment of the data does not seem to indicate any clear patterns of seasonality or repeating trends in these exchange rates. Any small fluctuations in the rate appear to be random rather than part of a recurring pattern.
3. Outliers Identification
For outlier identification, usually statistical methods are used to determine if any points differ significantly from the average. Based on the data provided, no dramatic spikes or drops in the exchange rate (which would indicate potential outliers) are apparent. The rates all fall within a relatively tight range. However, a more accurate assessment would require computations that aren't possible with just a visual review.
Preliminarily, there doesn't seem to be any significant outliers in this dataset. Most of the TRY exchange rates are floating around 0.0424.
Conclusion
This preliminary analysis shows a fairly stable exchange rate for TRY over the time period given in the data, with no clear trends of increase or decrease and no obvious patterns of seasonality. There doesn't appear to be any major outliers in this dataset.
![TRY Exchange Rate Oscillations Predict Market Uncertainties](http://currencymart.net/images/news/turkish-lira/2024-05-15/img-G4dx1QQRjSnzXpM55M0knvG0.webp)