Summary of Last Week
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
The data provided shows hourly HNL exchange rates from January 2024 to February 2024. The total data points provided are for a span of around 30 days.
The overall trend of the exchange rate over the provided timeframe appears to be fairly stable. The rate begins at around 0.05438, and it ends approximately at a similar value of 0.05438. In between, the value fluctuates but does not seem to show a clear increasing or decreasing trend. For a deeper understanding of the trend, a more detailed examination, like a moving average or time series plotting, could be employed.
Seasonality or Recurring Patterns:
Briefly reviewing the dataset, it does not seem to showcase any particular pattern. However, a more accurate method would be to conduct further statistical testing - such as Autocorrelation Function (ACF) and Partial Autocorrelation Function (PACF) checks - to identify any hidden patterns or seasonality in the data. Another factor to note is that exchange rates are impacted by multiple micro and macroeconomic factors, and it is rare to find regular patterns or seasonality without considering these variables.
Looking at the data, there seems to be one clear outlier where the exchange rate spikes to 5.45402, which is significantly different from the rest of the data set. Outliers can be identified with statistical techniques such as the Z-score or IQR methods. Any identified outliers should be examined further to judge whether they are due to genuine variance or may be errors that require cleaning or adjustment in the data.
Note: This analysis does not include any external influences such as market hours, weekends/holidays, and key financial news, which could have an impact on the exchange rates. A more comprehensive analysis may need to incorporate these factors.