2024-05-10 Falkland Islands Pound News
2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Analysis on FKP Exchange Rate
After analyzing the given dataset, the following points were noted:
1. Overall Trend of Exchange Rates
An initial review of the data suggests that the exchange rates slightly fluctuated within a small range during the period shown. The value of FKP showed marginal volatility, indicating a somewhat stable trend overall. A more specific analysis is required for conclusive results.
2. Seasonality or Recurring Patterns
At first glance, it seems the dataset does not show a very clear seasonal or recurring pattern. The dataset displays minor fluctuations throughout the period, which can be indicative of a random walk pattern more than a consistent trend or seasonal fluctuation. However, a deeper time-series analysis using methodologies like auto-correlation function (ACF) and partial auto-correlation function (PACF) would be needed to conclusively establish absence of seasonality.
3. Outliers in the Dataset
Among the data points, no significant outliers or unexpected values were detected on initial analysis. However, proper statistical analysis should be done using interquartile range (IQR) method or z-score method to conclusively identify the outliers.
Please note that this is an initial and basic analysis of the dataset. For deciding on a financial strategy based on this data, one should perform deeper statistical analysis using more advanced methods.