2024-04-23 Czech Koruna News

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

Overall Trend

The overall trend depicted in the data suggests a slight decrease in the exchange rate of CZK over the timestamp provided. The exchange rate started around 0.058 and ended after a downward trend at approximately 0.05775. Specifically, while the dataset had minute fluctuations in between, the broad trend was slightly downward.

Seasonality and Recurring Patterns

Given that the timestamps encompass an approximate day's worth of data, identification of a seasonal or recurring pattern may be challenging. However, by scrutinizing the dataset within different time frames, we can suggest there are minor fluctuations in the exchange rate that might indicate intraday volatility due to activities within currency markets. Therefore, we would need longer time-series data to state whether there are periodic or seasonal patterns.

Outliers

Outliers in time-series data are typically significant variations in the rate that cannot be explained by the common dynamic of the data. From inspecting the timestamps and rate value, we can see a consistent oscillation between rates in the range of 0.057 to 0.058. There aren't any notable spikes or plummets that stand out as strong outliers, the data looks reasonably clean and consistent.

Please note: this analysis purely focuses on the data at hand, without accounting for any external context or events.
he Day An analysis of a time-series dataset revealed a gradual but marginal slowdown of exchange rate fluctuation on the Czech Koruna (CZK) on a single trading day. The day kicked off with the CZK exchange rate maintaining a steady level of 0.058. This consistency persisted for a significant portion of the day until the last few hours when slight variations began to appear. Reading further into the dataset, it can be seen that the exchange rate marginally dipped to 0.05798 around 02:00 a.m. and further dropped to 0.05775 by 06:30a.m. Moving forward within the day, the CZK experienced a gradual drop within its value to reach down to 0.05773 by 07:10a.m, this stayed until 08:45 a.m where the value rose slightly, and after some fluctuation reached back to 0.05773 by 09:45 a.m. However, the persistence of the low value was temporary as it jumped to 0.05779 over the next hour by 10:00 a.m. Throughout the entirety of the day, significant volatility was not observed. Following the day''s events, the CZK saw mixed but slight responses with a peak value of 0.05779, coming in after midday, and once again later in the afternoon. The lowest value was at 0.05773, seen during the early hours of the day. The lack of major fluctuations indicates a relatively stable day in the market for the Czech Koruna. This could be a result of low trading volumes, stabilization in geopolitical events, or a lack of significant economic data affecting exchange rates. Considering the apparent stability of the CZK, the impact on the broad market appears to be minimal. Maintained stability decreases the possibility for quick short-term profits through currency trading, a practice known as speculation. Going forward, currency market participants are advised to monitor this situation closely. Potential influences include the release of key economic indicators both within the Czech Republic and internationally, geopolitical events, and anything that could shake investor confidence. As the financial world never sleeps, it is always essential to keep a finger on the pulse of such trends. Crucially, while this analysis can provide insights into past performances, they should not be taken as definitive predictors of future events. Future implications based on the current scenario might mean a promising ground for long-term investors due to the stability of the CZK. However, with the financial market''s unpredictable nature, investors are encouraged to make strategic decisions and consider all factors before investing.Exchange Rate Fluctuation Slows Down on CZK Throughout the Day

Current Middle Market Exchange Rate

For information purposes only.