Mixed Responses Witnessed in TMT Exchange on Closing April 2024
2024-04-30
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
If we consider the starting point to be 0.38979 and the ending point to be 0.39258, we can say that the trend of the exchange rates over the period shown in the data is gradually increasing. Throughout the day, the exchange rates fluctuated between approximately 0.389 and 0.392, reaching a high of 0.3927 and a low of 0.389. On an overall basis, however, there is only a slight increase of about 0.007 in the exchange rate, which can be seen as a moderate upward trend.
Seasonality or recurring patterns in the exchange rates
The data may indicate potential seasonality which might be more accurately determined with larger dataset gravitating through multiple cycles (days, weeks, months, etc). In the current dataset, we do not have sufficient data to make decisive judgements on seasonality or recurring patterns in the exchange rate. The rate seems to fluctuate up and down throughout the day, without clear patterns repeating at specific times.
Outliers in the dataset
Given the nature of the data - exchange rate is dependent on various financial and macroeconomic factors, it remains quite stable in small intervals. However, there are few instances where the rate has dipped or increased more than the usual. For example, around timestamp 2024-04-30 07:40:02 the rate spiked to reach 0.39096 from previous rate of 0.38963 which is quite a significant jump. However, more data would be need to determine if these are truly outliers or part of a larger trend.