CZK Exchange Rates Showcase Minimal Yet Noticeable Flux Over 24hour Period
2024-04-15
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
1. Overall Trend of the Exchange Rates
At first glance, the exchange rates in the dataset appear to exhibit a steady and stable trend. While it is important to note that there are fluctuations, they generally range within a narrow band. The rates appear to hover around the 0.0578 - 0.0579 mark for the majority of the times. Changes are minor and gradual, indicating minimal volatility in the dataset's timespan. Though the rates drop to a low of 0.05765 and rise to a high of 0.05795, such deviations are neither substantial nor frequent. Therefore, the overall trend can be characterized as stable within this small range.
2. Seasonality and Recurring Patterns in Exchange Rates
As far as seasonality goes, there are no obvious recurring patterns discernible from the data provided. This might be due to the relatively short time scope of the data, or because the fluctuations are simply not guided by time-related variables. The exchange rates do not seem to follow precise patterns related to specific hours of the day or intervals. However, there are periods of slightly more elevated rates, interspersed with periods of slightly lower rates. For a more accurate understanding of these, more data over a longer period, preferably several months to a year, would be needed.
3. Outliers and Abnormalities
There are a few instances where the exchange rate significantly deviated from the overall trend, and can potentially be considered as outliers. These include a lowest rate of 0.05765 and a highest rate of 0.05795. However, these instances might be the result of market conditions or other external factors at those specific points in time. It is important to cross validate these deviations with external events to fully understand the reasons behind such changes.
Based on the data provided, no other significant outliers or abnormalities can be observed. The dataset is largely consistent, with minor fluctuations throughout the period.
In conclusion, this data suggests a generally stable trend of exchange rates, with no apparent seasonality and a few minor outliers. This analysis can be useful for understanding past behavior of the rates, but it should be used with caution when trying to make future predictions, due to the numerous factors that can influence exchange rates.
