2024-05-15 Falkland Islands Pound News
2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend in Exchange Rates
From the given data set, a quick inspection of the data shows that the exchange rates have not seen a consistent trend over the period. The exchange rates starts at 1.71832 and ending at 1.714. This indicates a slight decrease in the rate over the data's period. However, within this timeline, several fluctuations can be observed, with the rates increasing and decreasing multiple times rather than following a strictly increasing or decreasing trend.
Seasonality and Recurring Patterns
Analysis of the data does not show an obvious seasonality or recurring pattern in exchange rates. On the scale of the data provided, the changes seem sporadic rather than uniform or cyclical. It would require longer time range data set or shorter intervals (for intra-day trading hours) for identifying any daily or seasonal trends. This lack of clear pattern may also indicate that the exchange rates are affected by a variety of factors, including those not included in the data.
Outliers in the Data
While there are identifiable fluctuations in the data, these appear to be part of the normal variation in exchange rates rather than clear outliers. This is again indicative of the numerous factors influencing these rates. However, to assert this statement we would require an in-depth statistical analysis to calculate the Z score or use interquartile range (IQR) to statistically justify the existence of outliers. This is beyond the scope of current analysis as this involve level of statistical understanding.
To recap, the FKP exchange rate shows minor variability over the time span of the data provided, with no clear trend, seasonality, or outliers immediately evident.