2024-04-16 Gibraltar Pound News
2024-04-15
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
1. Overall Trend Analysis
Based on the given data, it can be observed that the general trend of exchange rates fluctuates throughout the period in question. It can be seen that the currency has experienced both rises and declines during this period, suggesting a volatile market. The rates show a slight increasing tendency beginning from approximately 1.71343, with the highest recorded rate at approximately 1.72075, and the lowest around 1.71. Although the rates rise and fall at points, the average rate can be perceived to be around 1.717, indicating some level of overall stability.
2. Seasonality and Recurring Patterns
This dataset does not cover a full year or multiple years, which is typically required for detecting seasonality. However, we can identify repeated small increases and decreases over the course of the day. These shifts might be due to the daily cycle of foreign exchange markets and economic activity. More data would be needed to describe seasonality and patterns more confidently.
3. Outliers Analysis
Outliers in the data could occur due to a variety of reasons such as sudden significant economic events, financial news, or market shocks. However, the dataset provided does not appear to have substantial obvious outliers. The data largely remains within a reasonable range. Outliers could be more accurately identified using statistical analysis methods such as standard deviation or interquartile range measurements. Recall that the analysis does not take account of external factors like weekends/holidays, key financial news, and the precise times of market opening/closing hours, which might influence the exchange rates.
