2024-05-21 Yuan Renminbi News
2024-05-20
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
Understanding the Overall Trend
The provided dataset begins with an exchange rate of 0.18814 and ends at 0.18849. Although there are fluctuations in between, the general pattern indicates a slight overall increase in the exchange rate. Even though the variation is not very high, there's a very mild uptrend trajectory of the exchange rate across the dataset.
Seasonality or Recurring Patterns
There isn't an explicit seasonality or recurring pattern in the values at a certain time or interval. The exchange rates seem to fluctuate continuously throughout the dataset, with a mixture of high and low rates seen at various times. The data maintains a relatively tight range with little variability. This suggests that seasonality does not considerably impact the exchange rate movement in the given dataset.
Outliers
Throughout the dataset, there are no significant outliers or unexpected values in the exchange rate. The data mostly range from 0.18784 to 0.18851, and there isn't any rate that differs drastically from this range, indicating that the variation in the exchange rates is quite consistent throughout. Therefore, no distinct outliers have been observed. The layer of data analysis used here does not dig into the subtle changes that could mark potential outliers when viewed from a smaller range or intervals. Further analysis could uncover more detailed insights
Consideration of External Factors
As per the request, this analysis has purely been conducted on the basis of the provided historical data and does not take into account any events or external factors that might have influenced the exchange rates. This includes market opening/closing hours, weekends/holidays, or the release of key financial news and reports. For a more comprehensive analysis, such factors could be considered in order to understand their influence on the exchange rates.
In conclusion, the exchange rate has a mild increasing trend over time, with no significant outliers or explicit seasonal pattern. The exchange rates consistently vary within a narrow range throughout the given timestamps. Additional factors could be considered for a more holistic analysis, which could provide further insights into the subtle changes and behaviors of the exchange rates.
