Significant Fluctuations Registered in GIP Exchange Rates
2024-04-25
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. Overview of the trend of exchange rates
Since the highest exchange rate is 1.7099 and the lowest is 1.70055, the rate fluctuates between these ranges over the series of data provided. For approximately the first three-fourths of the dates given, there is a slight yet noticeable decrease in the exchange rate. Subsequent to the rate reaching its lowest at 1.70055, the rate then gradually inclines with minor fluctuations until the end of this dataset. At the beginning of the series, the exchange rate was at 1.70547 as compared to the end of the series where the rate was 1.70086. Therefore, despite temporary fluctuations, the general trend over this data series illustrates a slight decrease in the exchange rate.
2. Seasonality in changes of exchange rates
An analysis of the dataset indicates what could potentially be slight intraday seasonality. The exchange rates seem to decrease from the beginning of the day till the hit ground in the middle of the day, after which it tends to gradually increase until the end of the day. This is only a potential trend and would need a larger dataset for confirmation.
3. Outliers in the dataset
As exchange rates are highly sensitive and driven by many factors, temporary spikes and dips are expected. In the dataset provided, there is no significant outlier which deviates too far from the mean. Occasional fluctuations that are noticeable, but fall within the boundaries of the overall gradual decreasing trend, are seen.
Note: The analysis has been executed under the assumption that the provided data is correct and without external influence.
