Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Analysis of the Overall Trend of NOK Exchange Rates
After an examination of the dataset, the exchange rates in the period from 2024-02-28 00:00:02 to 2024-02-28 23:55:02 followed an irregular pattern, demonstrating both increases and decreases without showing a clear upward or downward movement. The NOK exchange rate ranged between a maximum value of 0.12839 and a minimum value of 0.12712. Although the range is quite small, it indicates some level of volatility in the exchange rate of the NOK during this period.
Identification of Seasonality or Recurring Patterns
With respect to seasonality or recurring patterns, the nature of the dataset makes it challenging to identify clear recurring patterns based solely on the provided one-day period. Seasonal patterns in exchange rates typically evolve over longer durations, such as quarterly, semi-annually, or annually. However, it is apparent that during this 24-hour period, the exchange rate undergoes numerous slight fluctuations that do not reflect a certain predictable pattern.
It is also difficult to distinguish specific outliers within the given dataset without additional details regarding expected ranges or standards for the exchange rate. All the reported values within this 24-hour period stayed relatively close, with no drastic or anomalous deviation from the general range between 0.12712 and 0.12839. Therefore, under these conditions, no prominent outliers are detected.
To conclude, this snapshot of NOK exchange rates over a 24-hour period depicted a fluctuating scenario with no distinct trend or seasonality. Additionally, no evident outliers were observed based on the information in the dataset. For a detailed and robust analysis of the exchange rate trend, seasonality, and outliers, larger datasets containing data over extended time periods, ideally including multiple financial quarters or years, would yield a more comprehensive and accurate picture.