2024-05-15 Gibraltar Pound News
2024-05-14
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 Exchange Rates
After a detailed analysis of the given dataset, the overall trend of the exchange rates seems to be relatively stable with minor fluctuations. There are periods of minute increase and decrease, but there is no definitive upward or downward trend over the entire dataset. The exchange rate oscillates around 1.714.
2. Seasonality or Recurring Patterns in Exchange Rates
In terms of seasonality, the dataset doesn't provide enough information to identify any clear patterns. Due to the short duration of the dataset covering only a 24-hour period on a single day, recurring patterns or seasonality associated with specific dates, months, or seasonal periods cannot be identified.
3. Outliers in the Data
A few potential outliers are observed where the exchange rate reaches the maximum of 1.71869 and the minimum of 1.71248. However, these fluctuations seem to be within the expected range for day trading and don't represent significant deviations from the average rate.
Overall, the data displays the regular volatility that is expected from the foreign exchange market. The exchange rate data appears to be quite consistent throughout the 24-hour period covered by the data. Please note that due to the small range of data used, trends and patterns may not be consistently applied to future data or larger datasets. The inclusion of additional data points such as a longer duration or external factors such as major economic events could potentially affect these observations.
