2024-04-17 Gibraltar Pound News
2024-04-16
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 of Exchange Rates
The overall trend of the exchange rates shows a relative degree of stability, with minor fluctuations throughout the time period. The GIP exchange rate started at approximately 1.71885, reached a peak of around 1.72462, then dropped back down toward the end of the given data set to close around 1.72172. This suggests that the rates had minor increases and decreases but remained fairly stable over the course of this dataset.
Seasonality or Recurring Patterns
Identifying seasonality or recurring patterns in time-series data like this commonly implies looking for consistent changes that correspond to particular times. For example, if we saw that the exchange rate consistently dipped at a certain hour of the day or on certain days of the week, that would suggest a degree of seasonality. However, at a cursory analysis, there don't seem to be prominent seasonal trends in this dataset. Further analysis with more sophisticated statistical techniques like autocorrelation would be necessary to identify subtle seasonal patterns.
Outliers
Since the variations in the exchange rates are relatively minimal, defining an "outlier" in this data set would be based more on the degree and rate of change rather than the rate itself. In other words, we might consider rapid swings in the exchange rate within a short period as outliers. An instance of such is the drop in GIP around 1.716 at approximately '2024-04-16 06:55:02' and then a sudden upturn to approximately 1.72166 at around '2024-04-16 07:35:03'. Such a significant change within a relatively short timeframe indicates outlier behavior.
