2024-04-19 Gibraltar Pound News
2024-04-18
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of the Exchange Rates:
Based on the dataset provided, the gip exchange rate has experienced both increases and decreases throughout the time period in question. There isn't a clear increasing or decreasing trend of the exchange rates, which might suggest that the rates are quite stable. However, although the changes are quite frequent and seem to be insignificant, they could still carry significant implications for traders and investors.
2. Identifying Seasonality or Recurring Patterns:
Upon analysing the dataset, there does not appear to be a clear pattern of seasonality in the exchange rate changes. The rates fluctuate in a balanced manner, without showing an obvious cyclic or seasonal trend. The data does not show any clear recurring patterns such as consistent increases or decreases at specific periods of the day or specific days of the week.
3. Identifying Outliers:
The dataset doesn't indicate the presence of extreme outliers. Most of the exchange rates fall within a relatively concentrated range. However, it's worth noting that there are multiple noticeable spikes and drops within the dataset. These instances could be considered as potential outliers as they deviate from the immediate rates surrounding them.
Additional Analysis:
As per your instructions, I haven't taken into account any specific events external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. However, these factors play a crucial role in determining the exchange rates and should be considered for a thorough analysis. The volatility of the exchange rates can significantly increase during these key events or periods.
