2024-05-14 US Dollar News
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
Overall Trend Analysis
Based on the data provided, the exchange rate (USD) shows a certain degree of fluctuation throughout the timestamp period. There are periods where the rate increases, decreases, as well as remains relatively stable. A closer inspection of the timestamps and corresponding values is needed to give specific periods during which these phenomena occur. The purpose of this type of analysis is to study general tendencies and changes, which can be helpful for forecasting, therefore a visual representation such as a line chart or scatter plot might be necessary for a more intuitive understanding.
Seasonality/Recurring Patterns
Identifying seasonality or recurring patterns in time-series financial data like this requires complex statistical analysis, often employing tools such as autocorrelation. However, visually, some recurring patterns can be observed with certain intervals of the timestamps. Understanding these patterns can be important for forecasting and preparing for future trends in the exchange rate. Detailed granular analysis on a higher time frame (weekly, monthly) can help spot any seasonality.
Outliers
Outliers are individual values that deviate significantly from other observations. In this dataset, any instances where the exchange rate spikes or drops dramatically in a short period might be considered outliers. These outliers can be due to a variety of factors, including market instability, significant financial news, or error in data collection. However, from a preliminary scan of the dataset, it does not seem that dramatically outlier values are present.
Recommended Next Steps
- Create visual plots for a better understanding of the trends and fluctuations.
- Employ a statistical tool or software for a more accurate identification of seasonality and recurring patterns.
- Perform a further examination of the data for potential outliers and investigate their causes.
The interpretation described above serves as preliminary general observations. A deeper and more detailed analysis would provide a more accurate understanding of the exchange rate trends and patterns.
