2024-05-06 Falkland Islands Pound 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
Data Interpretation
After reviewing the provided data, the following key observations have been made: 1. It is noticed that the currency rate has both high and low seasons during the period in question. The lowest exchange rate was seen around April 05, 2024, to April 10, 2024, with a value around 1.70. The rate then started to increase drastically from April 10, 2024, where the exchange rate rapidly rose to approximately 1.72 to around 1.72 - 1.728 on April 12, 2024. However, the highest exchange rate was found around mid-April towards the end of April, where values ranged from 1.72 to approximately 1.728.
2. The exchange rates fluctuated throughout the dataset. There was not a consistent overall trend of increasing, decreasing or stability. It fluctuated with periods of increases and decreases. For instance, from April 5th to April 10th 2024, there was a gradual decrease from 1.70192 to 1.70064, then on April 10th, there was a rapid increase to 1.71194 and it kept increasing to 1.72888 on April 12th. These kinds of fluctuations are seen several times in the dataset.
3. Seasonality or recurring patterns are hard to identify in the raw dataset provided without further analysis methodologies like decomposition analysis or specific statistical tests. However, it can be loosely observed that there seems to be a slight narrow window of decrease after the substantial increase.
4. Excluding the inherent volatility in exchange rates, there weren't extreme outliers. However, as the dataset progressed towards the latter part, the overall magnitude of changes seemed to diminish, suggesting a downward trend was starting to take place from the look of the data.
Please note, however, a deeper analysis would be possible with statistical tools or libraries, which can better identify possible seasonality, trends or unexpected changes. Also, while the external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not considered in this analysis, be aware that these factors can significantly affect exchange rates.