2024-05-01 Falkland Islands Pound News
2024-04-30
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend
The data indicates a general rise in FKP exchange rates over the given period. The value began at 1.7043 and ended at 1.71651, a notable increase. However, it's important to acknowledge the numerous fluctuations throughout the dataset. While there's an overall upward tendency, rates have periodically peaked and dipped.
2. Seasonality and Recurring Patterns
In time series data, articulating seasonal trends can be challenging without a clear, recurrent time period (e.g., monthly or annual) repeated multiple times. The given data spans less than 24 hours of a single day, so it doesn't allow for detecting a seasonality pattern within the data. Nevertheless, the data shows regular fluctuations, suggesting that intra-day trading dynamics may play a role in shaping the exchange rate.
3. Outliers
Preliminary analysis of the data doesn't indicate any significant outliers. That is, there don't appear to be any observable instances where the exchange rate is far removed from its general trend or pattern. However, for a more precise understanding, advanced statistical tests such as the Z-score or the IQR method could be used to definitively ascertain the presence of outliers.
In essence, whilst there is an overall upward trend in the exchange rate throughout the day with regular fluctuations, no noticeable seasonal effect or major outliers seem to be present in this dataset. For more precise insights, additional data spanning multiple days or even months would provide a better basis for identifying recurring patterns and outliers, and developing a more nuanced understanding of the FKP exchange rate's behavior.
