2024-05-06 Danish Krone News
2024-05-05
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
After scrutinizing the data provided, there doesn't appear to be a clear upward or downward trend in exchange rates in the indicated time range. The values seem to fluctuate around an approximate mean of 0.1967 with minor deviations above or below this value. There's nominal movement in the exchange rate as it varies within a relatively narrow range. Hence, the overall exchange rate could be described as relatively stable during this period.
Seasonality and Recurring Patterns
Given the limited scope of data, it's difficult to confidently assert any strong seasonality or recurring patterns. However, it appears that often the minimum and maximum values for the day don't deviate significantly from the day's opening value, which might indicate some level of intraday stability. It's been observed that the highest rates often occur around the same time (10:00) on multiple days, this possibly implies some daily pattern might be present. Further analysis with more extensive dataset might yield more robust conclusions about daily, weekly, or monthly seasonality.
Observations of Outliers
Upon inspection, it's hard to point out any clear outliers obviously. Most fluctuations in the exchange rates are not extensive, they remain within a confined margin from the average. The largest jumps or drops do not seem to extend beyond a margin of 0.001 from the previous timestamp. This low degree of variation shows that extreme values or outliers are scarce and not a consistent characteristic in this dataset.
However, interpreting these outliers might require further contextual information, such as relevant news events, political developments or market changes that might explain abrupt movements in the exchange rates. This exchange rate might seem stable, but for a financial accountant or a forex trader, these small changes could have considerable implications.
