2024-05-21 Zloty 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
Overall Trend of the Exchange Rates
After studying the dataset, it's evident that the exchange rates have been somewhat fluctuating. The rate tends to hover around 0.347 to 0.348, implying a mostly stable exchange rate. However, minute increases and decreases can be seen throughout the dataset, so a strict upward or downward trend cannot be conclusively established. The variations, on the whole, are subtle and do not display considerable volatility.
Seasonality or Recurring Patterns in the Exchange Rates
No clear seasonality or recurring patterns in the exchange rates are noticeable in the provided dataset. The data points are at five minutes intervals which is too minute to establish a daily pattern or any seasonality over such a short span of time. It is recommended to have data for a significantly longer period to accurately detect recurring patterns or seasonality. For instance, having multi-year data can reveal annual patterns, while having multi-day data can help identify daily patterns.
Outliers in the Exchange Rates
Given the micro-scale of fluctuations in this dataset, identifying traditional statistical "outliers" might be challenging. However, an unusual variation can be noticed at certain times, such as between '2024-05-20 02:45:02' and '2024-05-20 03:10:02', where the exchange rate climbed from 0.34768 to 0.3479. In fact, such sharp movements in a relatively short period may be substantial for high-frequency trading or similar financial activities.
Consideration of External Factors
No specific external factors have been taken into account in this analysis. Such factors may include market opening/closing hours, weekends/holidays, or the release of key financial news and reports. These elements while having potential implications on the exchange rates would need a more detailed dataset for an accurate interpretation. Also, it was requested to exclude any such considerations in this particular analysis.
Forecasting
Since it was requested not to provide a forecast for future rates, this analysis centers exclusively on historical observations. Predicting currency movements requires sophisticated statistical models that take into account numerous factors beyond historical patterns, and it goes beyond the scope of this dataset and the current requirements.