2024-05-09 Gibraltar Pound News
2024-05-08
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
The overall trend of the exchange rates appears to have minor fluctuations. Observing the data, the rate tends to rise and fall within a small range. The highest GIP observed on this dataset is 1.71432, and the lowest is 1.70901. This close range indicates that the exchange rates remain fairly stable throughout the given period.
Identifying Seasonality or Recurring Patterns
As for seasonality or recurring patterns, this would have required further contextual data such as a longer time frame or specific days of the week to properly analyze. This short-term data doesn't provide sufficient information to confirm a definitive pattern. More granular analysis would be needed over various points of the day, week, month, or even year to establish definitive seasonality patterns in the given data.
Noting any Outliers
In the given data, no dramatic spikes or dips indicating an outlier were observed, the exchange rates remain within a close range, contributing to the overall stability of the rates. In order to accurately identify outliers, a statistical analysis would ideally need to be conducted, involving calculations of standard deviations from the mean exchange rate over the period.
Due to the constraints outlined, such as not considering external factors like market opening/closing hours or weekends/holidays, the above analysis has been made based strictly on the provided data only. Future exchange rate forecasts or projections have also been excluded in this analysis.
