2024-04-23 Yuan Renminbi News
2024-04-22
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
Analysis of exchange rates
1. Understanding the Overall Trend
By examining the dataset, a clear trend is discernible. The overall exchange rate seems to have slight fluctuations, yet it remains generally stable over the time period. There's a slight increment at the start, with the initial value being 0.18953, which peaks at 0.1898 midway, and then slightly decreases to 0.18908 by the end of the dataset. The fluctuation range is very narrow which indicates a stable market.
2. Seasonality or Recurring Patterns
Considering this data to identify any seasonality trends or recurring patterns is challenging due to the very short-term nature of the data, as it only encompasses one day. However, there is slight evidence of certain times having lower rates compared to others. For example, the rates tended to decrease slightly during the later hours of the day. But to establish a firm conclusion on seasonality, a larger dataset encompassing several months or years would be more helpful.
3. Presence of Outliers
Regarding outliers in the data, there does not appear to be any instances where the exchange rate differs significantly from what would generally be expected based on the pattern. The rates remain generally within the same narrow range throughout this day. There are minor short-term fluctuations, but nothing that appears significantly anomalous, implying the market was relatively stable during this period.
