2024-04-18 Yuan Renminbi News
2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
First and foremost, it's important to clarify that this analysis is purely focused on identifying patterns, trends, and anomalies within the provided data set. It will not seek to explain why these trends or anomalies occur and is not influenced by any external conditions or events that might have had an impact on the data. Therefore, bear in mind that understanding why a trend or anomaly occurs would require additional context, knowledge, and information beyond the scope of this dataset.1. Overall Trend
The overall trend seems to be relatively stable but with a subtle long-term pattern of decrease. This pattern suggests a consistent but minor depreciation of the CNY's value over the provided timestamps. However, bear in mind that even small changes can be significant when it comes to exchange rates.
2. Seasonality and Recurrence
There doesn't appear to be a strong seasonality or recurring pattern within the data. The exchange rate fluctuations do not display a clear cyclical pattern that repeats at regular intervals, suggesting that short-term factors may have more of an impact on these rates than long-term, predictable or seasonal factors. That being said, this is a very nuanced area and could benefit from further investigation.
3. Outliers
We can see some fluctuation in the data which implies there are some periods where the exchange rate deviated from the typical range. Notably, these instances do not seem to represent lasting changes in the exchange rate's behavior. After each of these fluctuations, the rate appears to return to its long-term pattern of slow, steady depreciation rather than sustaining the increased or decreased value. It suggests these instances may have been caused by substantive but short-term influences or events that temporarily affected the exchange rate but did not have a lasting impact on the overall trend.