2024-05-16 Gibraltar Pound News
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2024-05-15
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
After analysing the exchange rates over time, it becomes evident that there is a slight decreasing trend present within the data. The rate starts from approximately 1.71417 and ends at around 1.70920. Although there are fluctuations in values throughout the timeline, the overall trend seems to hint towards a slight decrease. These fluctuations may be due to various market factors and economic indicators not covered in the provided dataset.
Seasonality and Recurring Patterns
As for seasonality or recurring patterns, a thorough analysis of the data does not indicate any clear or regular pattern within the time frame provided. The rates consistently fluctuate up and down in the dataset without significant regular intervals of either increasing or decreasing trends. Therefore, we can conclude that the exchange rate does not show any clear seasonality or cyclic behavior in the timespan provided.
Notable Outliers
Outliers in this analysis would be considered as values that significantly deviate from their preceding and succeeding values. Few instances of such abrupt changes or spikes can be seen at some data points, but these are quite few and not substantial enough to heavily impact the overall trend. A more specific identification of such outliers would require a more advanced statistical analysis beyond the scope of this task.
To summarize, during the data period provided the exchange rate has showed a slight overall decreasing trend with no significant seasonality or cyclic patterns. Although there were some fluctuations, these could be due to inherent market volatility and do not significantly alter the trend. Outliers were few and likely did not greatly impact the overall trajectory of the rates.
![Market Intrigue as GIP Exchange Rate Experiences Dramatic Fluctuations](http://currencymart.net/images/news/gibraltar-pound/2024-05-16/img-HF5aZi4zoIOkKzoUElrk485I.webp)