Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
1. Understanding the Overall Trend of the Exchange Rates
Based on the dataset provided, the overall trend of CZK exchange rates displays a decrease. The value starts at 0.05816, reaches the lowest point at 0.05784, and ends at 0.05789. While there are minor fluctuations, the general pattern indicates a downward trend. Although the change is not massive, even the slightest difference in exchange rates could result in significant impacts when dealing with large transactions.
2. Identifying Seasonality or Recurring Patterns
When observing the data for any seasonality or recurring patterns, it appears that the dataset does not provide a discernible pattern within 24-hour periods. The values do not exhibit consistent peaks and valleys that would hint at a daily cycle. However, this could be due to the single day snapshot of the data provided. Analysis of long-term time series data (weekly, monthly, annually) can often expose recurring seasonal patterns in forex markets. Nonetheless, it's important to note that exchange rate markets frequently do not follow strict cyclical patterns due to their complex nature and susceptibility to a wide range of influencing factors.
3. Noting Outliers or Significant Exceptions
By scanning through the dataset, no extreme outliers are observed. Most of the exchange rate values are closely clustered around the value of 0.058. This lack of outliers suggests a stable day with no significant market news or unexpected economic events impacting the CZK exchange rate. However, it's worth noting that the identification of outliers would benefit from statistical measures such a standard deviations which require more robust analyses.
In conclusion, the movement of CZK exchange rate for the day encapsulated by this dataset shows a slight decrease, no clear daily pattern, and possesses no apparent outliers.