2024-04-26 Czech Koruna News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
To evaluate this data, it would be necessary to observe the changes in the CZK exchange rate over time. Here is a comprehensive analysis based on the dataset:Understanding the Overall Trend of Exchange Rates
Upon analyzing the dataset, the CZK exchange rate experiences a subtle but overall upward trend from 0.05807 at the beginning of the period to 0.05823 at the end. Note that the rate does fluctuate within a relatively tight range, meaning the overall increase is marginal.
Seasonality or Recurring Patterns
The dataset does not provide enough information to identify a clear annual or seasonal pattern in exchange rates. The observed data span across different hours within a single day, which doesn't provide a broad enough spectrum to ascertain seasonal changes. However, intraday patterns might be identified if data for more trading days are observed. In this case, there's no clear intra-day pattern as the exchange rates fluctuate within a very tight range.
Outliers Assessment
Closely observing the figures, the dataset does not appear to contain any significant outliers. The exchange rate maintains a consistent range with minor fluctuations throughout the duration, and there's no single instance where it differs substantially from the others. However, to perform a robust outlier analysis, statistical tools such as the Z-score or the IQR method could be more fruitful as they ensure objectivity.
In conclusion, based on the data available, the CZK exchange rate seems to uphold a slight upward trend, within a day, without major fluctuations. The rate seems to exhibit stability with minor variations. However, the dataset lacks data points that would allow a solid evaluation of seasonality and outlier detection. More extensive data covering different days, weeks, months could offer a better grasp of recurring patterns and anomalies.