2024-05-21 Falkland Islands Pound News
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Upon examination of the data, there appears to be an overall upward trend, meaning that the exchange rate generally increases throughout the provided time period. The rate began at 1.70865 and ended at 1.71329. This indicates a growth trend in the exchange rate over the period observed. Specifically, there was a notable increase at 21:05:02 when it increased from 1.71301 to 1.71335 and again at 21:15:03 where it further went up from 1.71337 to 1.7138. Similarly, at 20:55:03, the rate went from 1.71203 to 1.71266. These significant increases contributed to the overall upward trend.
Seasonality and Recurring Patterns
In terms of seasonality, the data doesn't seem to present any clear cyclical patterns at first glance due to its highly variable nature. Distinct seasonality patterns often emerge with daily, weekly, or annual data, whereas these data points are taken at different intervals throughout a single day. However, a minor trend can be noticed where a slight dip often follows an increase throughout the displayed data. The exchange rate shows some small dips and rises, suggesting some volatile behavior over this time period.
Outliers Analysis
In examining outliers that deviate significantly from the trend, two primary instances can be identified. At 20:35:03, a sudden increase was observed when the rate moved up significantly to 1.71234 from 1.7118. Similarly, at 20:55:03, the rate jumped to 1.71266 from 1.71203. These outliers may indicate some unexpected events or fluctuations in the market at those times, though it should be noted that these fluctuations are still relatively minor when considering the entire dataset.
Conclusion
In conclusion, the exchange rate data from the date range provided shows an overall growth trend with some volatility and minor periodic dips. As this analysis doesn't take into account external factors such as market opening/closing hours, weekends/holidays, or the release of key financial information, these findings are based solely on the patterns within this specific dataset.
