2024-05-22 Falkland Islands Pound News
2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
Upon analyzing the data provided, the overall trend of the exchange rates seems to fluctuate within a relatively small range during the observed period. The exchange rates did show a very minimal downward trend, but this was not significant. However, such short term observations may not always indicate a concrete direction in the grand scheme of things.
Identifying seasonality or recurring patterns
When assessing such granular data over a short period, it can be challenging to confidently identify seasonality or recurring patterns. That being said, no clear or consistent recurring patterns appeared present in this dataset. There were slight increases and decreases in the exchange rate, but these fluctuations didn't necessarily form a reliable pattern.
Noting any outliers
In terms of outliers, there were some instances in which the exchange rate differed more significantly from what may have been expected given the general rate movements. These occur at the following times: around 07:35, 08:05 and 14:45. They could be due to various factors such as sporadic shifts in demand and supply, market sentiment changes, or even potential impacts of high-importance news events affecting the market (though the analysis was not centered around these external elements). It is always important to take note such abnormalities as they could potentially impact the overall trend or forecast analysis.
Please note that while this comprehensive analysis provides a general idea of the overall trend, seasonality, and outliers, the conclusions drawn here should not be solely relied on for any financial decisions or predictions. It's crucial to factor in other various elements such as economic indicators, geopolitical happenings, and market conditions which are known to substantially influence foreign exchange rates.