2024-05-14 Yuan Renminbi News
2024-05-13
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
Overall Trend Analysis
Looking at the data collected from the timestamp, we can notice that the exchange rate of CNY seems to remain relatively stable throughout the time period analyzed. The rate ranges approximately between 0.18890 and 0.18918 over the course of the timestamp, which indicates minor fluctuation. There is no clear consistent increasing or decreasing trend visible on a larger scale, the data seems to fluctuate around a central value, suggesting the exchange rate remains fairly stable.
Seasonality and Recurring Patterns
As for the seasonality and recurring patterns analysis, the dataset does not provide enough information to detect any concrete pattern over a period. This would require additional data points covering an extended timeframe, such as yearly data to account for seasonal changes, or data representing particular phases in financial cycles.
Outliers Analysis
Given the relatively consistent data, there didn't appear to be any major outliers visible in this data set. The minor fluctuations remained within a tight range, so there was no instance where the exchange rate differed significantly from what would be expected based on the trend illustrated.
Factors Influencing Exchange Rates
There are external factors that could potentially affect exchange rate fluctuation patterns like market opening/closing hours, weekends or holidays, or the release of key financial news and reports. However, this information was not requested to be included in this exchange rate analysis and it's therefore important to note the analysis might be limited without consideration of these factors.