2024-04-22 Euro News
2024-04-21
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
1. Trend Analysis
From the data provided, it can be seen that there is a general upward trend in the Euro exchange rate from the beginning of the dataset at 1.46891 on 2024-03-22 to the end of the dataset at 1.46403 on 2024-04-19. This overall trend suggests an increase in exchange rate over the period shown. However, the increase is not steady – there are several peaks and troughs throughout the dataset that may indicate periods of increased volatility.
2. Seasonality Analysis
Identifying seasonality in financial time series data can be complex, as it requires more than simply looking at the raw data values. In this case, it appears that there is no clear seasonality or recurring pattern in EUR exchange rate changes. The exchange rate fluctuations seem to be more irregular and do not follow a consistent pattern over days or weeks.
3. Outliers Detection
Several potential outliers were detected where the exchange rate differs significantly from the surrounding rates. For instance, the exchange rate drops to 1.45922 on 2024-03-28 from 1.46813 on 2024-03-28. Another significant jump can be seen on 2024-04-16 with the exchange rate increasing from 1.46472 to 1.47016. These can be considered as potential outliers, although further statistical analysis would be required to confirm these observations.
Please note that the results obtained are based on the data provided and do not take into account external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports which could potentially have significant impacts on the exchange rates. Also, this analysis does not generate any forecast for future rates.