2024-04-29 Euro News
2024-04-28
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
This dataset has a series of observations with timestamps and foreign exchange (FX) rates between currencies.Trend Analysis
On a broad level, it appears that the FX rates between these two currencies fluctuate moderately over the given period. The smallest rate recorded was 1.4557 while the highest was 1.4752. There is no strong trend to suggest that rates are generally increasing or decreasing over time; rather, they are oscillating within a narrow range. This implies that there are push and pull factors influencing the rates in the short term.
Seasonality and Recurring Patterns
As the data is taken from a short period of time and without any additional contextual information, it is difficult to confidently detect any seasonality or recurring pattern. Nonetheless, considering the fact that rates briefly surge above the average of 1.4649 before returning, this might suggest weekly effects (although it requires more data for multiple weeks to confirm).
Noteworthy Outliers
Outliers in FX data are typically significant leaps or crashes in rates which put them well beyond the typically observed range of variation. Within the given dataset, there are no major deviations from what can be considered the normal range (roughly between 1.4557 - 1.4752). Therefore, we can infer that there were no major influences during this period that would distort the overall analysis of the trends or patterns in this data.
It must be noted that this analysis is solely based on the given dataset. For a more accurate understanding of FX market dynamics, a more comprehensive dataset - including wider timestamps, the impact of financial news or events on specific rates, or contextual market indicators - would offer a more nuanced perspective.