2024-05-14 Czech Koruna News
2024-05-13
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
AnalysisBased on the data provided, the following time series analysis was conducted:
1. Overall Trend
The overall trend of the exchange rates seems to be somewhat stable. Rates appear to vacillate between about 0.05915 and 0.05965 throughout the period recorded. A slight increase can be noted, starting at a rate of approximately 0.05915 and ending at about 0.05948. This observation indicates that while the final rate is slightly higher than the initial one, the difference is very small, and so the rates can be largely viewed as stable.
2. Seasonality and Recurring Patterns
Based on the data provided, there doesn't appear to be a clear seasonality or recurring pattern in the changes of exchange rates within the given time period. The rates fluctuate very little and without a consistent pattern, as the high and lows don't have any apparent periodicity. More historical data that spans more days or even years might be required to identify any larger scale seasonal effects or recurring patterns accurately.
3. Outliers
As far as outliers are concerned, there don't appear to be significant instances where the exchange rate fluctuated wildly or unpredictably during this time period. The rates tended to hover around the median value with just slight variations up and down. The lack of extreme highs or lows suggests that there were no significant events or conditions impacting the exchange rate within this short period.
In conclusion, the exchange rate between CZK has been quite stable across the period in question. The lack of any clear seasonal patterns or major outliers limit the need for further deep dive analyses. However, to further enrich the understanding of these rates, a larger dataset encompassing a greater span of time might be more appropriate.
