2024-05-02 Yuan Renminbi News
2024-05-01
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The data provided shows that the exchange rate between May 1st, 00:00:03 and May 1st, 23:55:02 of the year 2024 has a small downward movement. The exchange rate begins at 0.1903 at the beginning of the day and drops to 0.18954 by the end of the day. This represents a slight depreciation of the currency.
Seasonality and Patterns
After observing the time series data, it can be seen that no strong pattern emerges on a daily basis. The data doesn't show a strong seasonality or a recurring cycle within this intraday data. This might be different if we observe on a larger timescale (e.g., weekly or monthly).
Outliers and Significant Changes
- One of the considerable changes in the exchange rates can be seen during the hours of 13:30 and 14:00 where the exchange rate falls from 0.19001 to 0.18927. This indicates a sudden depreciation.
- Another noticeable movement is during 14:20 and 15:05 where the exchange rate climbs from 0.18962 to 0.19000, indicating a brief period of appreciating exchange rate.
- A minor outlier can be noticed at 18:05 where the exchange rate varies slightly from the trend, however, it gets back to the trend soon.
These movements might be due to factors not provided in the data set, such as market news or macroeconomic indicators. Given the limits of only having intraday data for one day without any external context, these insights provide a surface-level understanding of the exchange rate behaviour on that particular day.