2024-04-19 Danish Krone News
2024-04-18
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
I have analyzed the provided dataset, which includes exchange rates (DKK) noted at various intervals on a specific date. Here are the findings after observing the data carefully.Overall Trend of Exchange Rates
Overall, the exchange rates witnessed minimal fluctuations throughout the timeframe displayed. The rates seemed to waver within a small range, signifying a stable financial environment. Taking into consideration the data for the day, there is no definitive increasing or decreasing trend. The fluctuations, albeit minor ones, underscore the dynamic nature of the exchange rates, which are affected by an array of factors in the financial ecosystem but the data doesn't suggest any prevalent trend.
Seasonality or Recurring Patterns
With regard to the current dataset spanning across one single day, it's not possible to identify any distinct seasonal pattern or periodic fluctuations connected to daily, weekly, or monthly events. Generally, a much longer timeframe - ranging from months to years - is needed to accurately identify any seasonality or recurring patterns in the data.
Existence of Outliers
There don't appear to be any major outliers in this dataset, as drastic swings in exchange rates aren't visible. As aforementioned, the data shows minimal fluctuations happening within a narrowly defined range. However, without a statistical analysis such as the calculation of standard deviation or empirical rule, it is not possible to definitively identify any potential outliers solely based on observation.
Please note that this analysis is based solely on the dataset provided. For a more precise and accurate analysis, more data, preferably spanning over a longer range of time, would be required. Alongside, the consideration of external factors like key financial news, reports, and market timings could allow for a more holistic approach to analyzing the exchange rates.