2024-04-26 Falkland Islands Pound News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of Foreign Exchange Rate Data
First, it is important to note that the time-stamped data provided is extensive, spanning over a 24-hour period. Since we have data points at different intervals, we can assess trends over a certain period. However, keep in mind that exchange rates can be affected by a myriad of factors, such as economic indicators, geopolitical events, and market sentiment, which are not considered in this analysis.
Determining the Overall Trend
Looking at this dataset, although there are fluctuations in the exchange rate throughout the day, the overall trend shows a decrease in the exchange rate value. Starting from 1.70547, the exchange rate dips as low as 1.69246 before rising slightly again. However, by the end of the dataset, the rate nominally stays lower than the initial observation at 1.70086. This shows that the overall trend for the day leans towards a decrease.
Identifying Recurring Patterns and Seasonality
Seasonality often implies a predictable change in a time-series that recurs every calendar year. Given that this dataset spans over a single day, it is not feasible to determine such long-term patterns. However, it is observed that certain time intervals do exhibit repeated dips followed by rises in exchange rates. These could be primarily attributed to the operation of various markets across the globe.
Outliers and Noteworthy Observations
Although it is difficult to determine outliers without a statistical model, there are some instances of considerable changes. Notably, around 07:30, there is a sudden jump in the exchange rate from 1.70418 to 1.7067. Similarly, after 08:05, the rate shows another steep rise, reaching 1.70824. This suggests these time periods might be interesting for further investigation, as there are unexpected changes in the exchange rate that diverge significantly from the overall trend. However, since we are only considering one day's data, it would be imprecise to state these as true outliers without a larger context.
