2024-05-03 Czech Koruna News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
The following analysis is based on the time series data of the CZK exchange rate provided. This data covers various timestamps from 2024-05-02 00:00:02 to 2024-05-02 23:55:02.
1. Overall Trend Analysis
The data appears to exhibit a mild decreasing overall trend from 0.05864 at the start down to 0.05877 at the end. Though minor fluctuations occur throughout the dataset, the general trend shows a slight decrease. It should be noted that the changes are relatively insignificant and could be viewed as approximately stable within the analyzed period.
2. Seasonality and Recurring Patterns
Given the size and scope of the data (a single day), it is difficult to identify any definite seasonality or recurring patterns in the exchange rate changes. A more prolonged dataset, covering various days, weeks, or months, would provide a better means in identifying such patterns. A preliminary look at the data presented does not point to any clear indications of seasonality.
3. Outlier Identification
The dataset seems to be relatively consistent with very few major spikes or drops in the exchange rate. There aren't any significant outliers, as the exchange rate value essentially fluctuates around a narrow range between 0.05847 and 0.05880. However, more sophisticated statistical methods like standard deviation or the IQR method might detect subtle outliers that are not easily discernible in a basic review.
Note: This analysis solely focuses on trends, patterns, and outliers within the data provided and does not account for possible external factors such as market conditions, news events, or other factors that can significantly affect exchange rates.
