USD Sees Gradual Decline Over 24Hour Period
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
Data Overview
The provided data shows USD exchange rates timestamped every few minutes over a given day. The data points are irregularly spaced, the smallest interval being 5 minutes and the longest being an hour. This irregular spacing indicates the presence of missing data. The highest rate observed is approximately 1.36825 while the lowest is around 1.3633.
Overall Trend
Looking at the figures, it's clear that the exchange rate does not show a strong linear trend over the course of a day. The exchange rate fluctuates throughout the entire dataset. It does however, lean towards a slight decrease from its maximum of 1.36825 to its minimum of 1.3633.
Seasonality and Patterns
Given the short duration covered by this dataset (i.e., a single day), it's challenging to detect seasonality in the traditional sense (hourly, daily, weekly, etc.). However, some patterns can be noticed such as frequent fluctuations in the rate and periods of relative stability especially during the time frame of 09:00 to 14:00.
Outlier Detection
Most exchange values range between 1.364 and 1.367. However, there are certain instances where the rates deviate from this range and touch on the extremes of approximately 1.3633 and 1.36825. No methodical outlier detection has been performed and these observations are solely based on the range analysis. Further statistical analysis such as Z-scores or IQR methods are needed for a comprehensive outlier detection.
Please note that this analysis is preliminary and based on the limited set of data points provided. For a more robust analysis, additional time series data would be beneficial. Furthermore, external factors such as economic events, key financial announcements, geopolitical issues etc., also have an impact on exchange rates. However, these factors were not considered in this analysis as per the guidelines.