2024-05-13 Won News
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2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of Overall Trend
Based on the time series data provided, the exchange rate during this period appears to be fairly stable, ranging between 0.00099 and 0.00101. This suggests that the exchange rate has a general trend of stability within this data range. It's crucial to remember, however, that this analysis is restricted to the limited scope of data available. For a complete picture of the trend, more extended historical data might be required.
Seasonality and Recurring Patterns
No clear seasonality or recurring trend is observed from the first look at the data. The exchange rate seems to fluctuate around a certain range rather than show a consistent seasonal pattern. Therefore, it's hard to determine if there's a specific time or period where the rate reliably increases or decreases. Nevertheless, to accurately establish or discard the presence of seasonality, more tools could be implemented such as Autocorrelation function (ACF) or Partial autocorrelation function (PACF).
Identification of Outliers
In the given data, no significant outliers can be identified. The exchange rate seems to be quite stable, with minor fluctuations around the average. An outlier in this case would be a sudden, substantial increase or decrease in the exchange rate. Considering the provided dataset, no such apparent fluctuation can be observed. It's important to note that this conclusion is limited to the data scope. With more comprehensive data, a different pattern or outliers may emerge.
It is worth noting, however, that time series data such as exchange rates are influenced by numerous factors, including political events, economic indicators, and global market trends. This analysis has been conducted based purely on the data provided and does not take into account any external contributing factors.
Disclaimer
Please remember, while this analysis provides a simplification and preliminary overview of the trend, seasonality, and outliers, a more in-depth statistical analytical tool would give a more accurate and detailed insight. Furthermore, this analysis does not generate forecasts for future rates.
![Subtle Fluctuations Mark April KRW Exchange Rates](http://currencymart.net/images/news/won/2024-05-13/img-vUuJLX02uwgtxP5XgRJu4gaJ.webp)