2024-05-10 Gibraltar Pound News
2024-05-09
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 the Exchange Rates
After analyzing the dataset, it was found that the exchange rate between the GIP (Gibraltar Pound) has shown both increases and decreases. However, it can be said that the overall trend of the GIP exchange rate in the period represented by this dataset does not remain entirely stable. Over time, both ascent and descent patterns could be observed, indicating a volatile nature. The data fluctuates between values of approximately 1.70377 and 1.71128.
Seasonality or Recurring Patterns
As the data is taken over a single day, the ability to identify seasonality or recurring patterns is limited. In general, seasonality and recurring patterns typically emerge through the evaluation of data over an extended time. Without data spanning multiple cycles (e.g., several weeks, months, years), identifying true seasonality or recurring patterns can be challenging and potentially misleading. Still, it should be noted that there may exist specific short-term patterns which can only be guaranteed over a small series of observations within this single date.
Outliers
On examining the dataset closely, there is no immediate evidence of outliers or any instances where the exchange rate differs significantly from what we could expect based on the general trend. It can, therefore, be stated that this dataset does not contain any significant anomalies.
The analysis conducted does not include any external factors impacting the exchange rates which include but are not limited to market-opening/closing hours, weekends/holidays, or the release of key financial news and reports.
Overall, the fluctuation in rates suggests that the forex market for the GIP is active and with this data alone, it is hard to establish a concrete trend exclusively.
