2024-05-10 Czech Koruna News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
The presented time-series data fluctuates minimally, with the exchange rate ranging from approximately 0.05891 to 0.05921. This narrow range suggests that over the given time period, the exchange rate has been relatively stable, with minor fluctuations around an average of approximately 0.05902. Thus, the overall trend in the exchange rates doesn't present a significant increase or decrease.
Identifying Seasonality or Recurring Patterns
While this data sample is too short to establish a clear pattern of seasonality, a potentially important observation was made. Several times, a minor increase in the exchange rate is followed by a minor decrease, suggesting a possible cyclic pattern. This cycle does not run with perfect consistency, suggesting that while there may be a cyclic pattern, it is likely influenced by other, unaccounted factors. Nonetheless, further data analysis would be necessary to determine clear seasonal or recurring patterns definitively.
Noting Outliers
This data set appears to be relatively free of outliers. The fluctuations in exchange rate are small, staying within a tight band. There might be mild outliers around points where the exchange rate briefly reaches to approximately 0.05921, but these instances do not represent a significant deviation from the average value for the period. Considering the scale of fluctuation, these do not give a meaningful difference to be deemed as outliers.
It is worth noting that the identification of outliers is context-specific. In other financial contexts, such variations might be considered significant enough to be defined as outliers. However, given the narrow range of fluctuation observed here, these points are better classified as natural variations within an overall stable trend.
![Subtle Surge Observed in CZK Exchange Rates Through the Day](http://currencymart.net/images/news/czech-koruna/2024-05-10/img-gFNyoL15yTAHpSDfqftpLVXl.webp)