MidApril TMT Rates See Prominent Fluctuations
2024-04-16
Summary of Yesterday
- 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 Exchange Rates
Upon analyzing the data, the value of TMT exchange started at a value of 0.39429 and ended at a value of 0.39433. The rates minorly fluctuated but over a long period, there appears to be a relative overall stability in the rates. These changes imply that the market remained relatively stable during the period under evaluation. Further econometric models might be required to quantify the trend specifically.
Identifying Seasonality or Recurring Patterns
To elaborate on the analysis, with the available data, it is difficult to firmly identify any recurring patterns or seasonality. But a slight tendency to fluctuation can be noticed which mostly led the rates to remain at a same proximal point over the period. An in-depth analysis using appropriate time series analysis methods such as Autoregressive Integrated Moving Average (ARIMA) or Fourier Transformations can better reveal any hidden cyclical patterns or seasonality.
Noting Any Outliers and Instances
An overall look at the data does not reveal the presence of any outliers, which would be extreme values that deviate significantly from the trend. However, it is important to note that precise identification of outliers would require more sophisticated statistical analysis, such as using a Z-score or IQR methods. In the data set provided, the exchange rates seem to stay within a certain range without any extreme highs or lows.
In summary, it is worth noting the stable nature of the tmt exchange rates over the considered period. As such, future rates, while not forecast in this analysis, can be reasonably expected to follow similar trends barring any significant external economic events.
