2024-04-19 Czech Koruna News
2024-04-18
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Based on the data provided, it appears that the CZK exchange rate generally maintains a degree of stability within a narrow band, with minor fluctuations occurring throughout the duration of the data provided. While there are instances of marginal increase and decrease, the rates usually stay within the range of 0.05788 and 0.05822. There might be a slight decreasing trend from inspecting the initial and final data points, yet it's not very pronounced. A correctly designed time-series plot would give a clear illustrate and confirmation about this.
Seasonality and Recurring Patterns
Given this short dataset, it's difficult to identify definite seasonal trends or recurring patterns. However, upon close examination, we can observe what seems to be a daily cycle where the exchange rate reaches its lowest value marginally below the 0.0580 level, typically during early morning hours. It subsequently increases to above the 0.0580 level during midday, before settling down to lower levels toward the end of the day. Again, this pattern is not very strong and it's just a tendency that should be further confirmed with techniques such as autocorrelation function.
Outliers and Volatility
Based on the data, there are no significant outliers or volatile points in the CZK exchange rate through this period. The exchange rate seems to be quite steady with a very low level of volatility. There are some relatively high and low points in the data, yet these don’t deviate considerable enough from the central trend to be considered bona fide outliers.
In conclusion, while this initial analysis provides some insights into the overall trend, cyclical patterns, and volatility of the exchange rates, the findings could be further remodeled and validated via rigorous statistical analysis and plot generation for more accurate and reliable results.
