2024-05-03 Yuan Renminbi News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of Exchange Rates
Analyzing the data provided, the CNY exchange rate is seen to exhibit changes but it does not show any clear increasing or decreasing trend. The data has fluctuations between 0.18957 and 0.18868, it starts at 0.18951 and ends at 0.1888. Therefore, there isn't a significant decrease or increase and thus, we can say the exchange rates over the period shown remain relatively stable.
2. Identifying Seasonality in Exchange Rate Changes
Regarding seasonality, time-series data over a longer period would be more suitable to detect if there is a prominent seasonal pattern. However, from the data that was given, we could not detect clear seasonal recurrence or pattern in the changes of exchange rates based on the given timestamps. The fluctuations seem to be random rather than cyclic or repeating.
3. Noting any Outliers
Outliers in a dataset are values that significantly differ from the other observations. An outlier may be due to variability in the data or errors. Based on the data set provided, no prominent outliers are observed. All recorded exchange rates hover within a very close range, and none deviate markedly from the general trend of the data.