2024-05-16 Czech Koruna News
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall trend of the exchange rates
The data suggests that the overall trend of the exchange rates over the period shown is relatively stable. Despite minor fluctuations, the CZK exchange rate starts at 0.05953 and ends at 0.05991, showing a small increase. The rate has resistance around 0.0599 and support around 0.0595, suggesting that the rate interacts with these levels multiple times without breaking them significantly.
Seasonality and recurring patterns
No strong evidence of seasonality or recurring patterns can be clearly identified within this dataset over the specified timeframe. Although there are fluctuations, these fluctuations do not appear in a regular or identifiable pattern that could be attributed to seasonality. To better understand the seasonality or recurring patterns, it may require analyzing data over a longer time frame or with a stronger external influencing factor (e.g., political events, economic news).
Outliers in the exchange rates
Beyond slight fluctuations, there do not appear to be any significant outliers in the dataset. The exchange rate maintained a relatively tight range throughout the dataset. Again, this can be attributed to the relatively short timeframe of the dataset. To identify outliers, broader historical data may need to be analyzed.
Key Note
It is important to note that the foreign exchange market is sensitive to several macroeconomic, geopolitical factors, and it's working 24/7. Therefore, the stability observed in this dataset may be influenced by the timing, such as market opening/closing hours, weekends/holidays, or key financial news and reports. While you asked not to consider these specific events, they do play an integral role in forex rate fluctuations in reality. This can influence the pattern observed, especially for more comprehensive analysis over a longer time frame.
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