2024-05-21 Gibraltar Pound News
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Follow Gibraltar Pound Forecast May 21, 2024
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
After careful evaluation of the provided dataset, the following trends can be observed:
- The exchange rates show a marked fluctuation but on a broader outlook, there is a slight upward trend. This is suggested by the fact that the first data point starts at 1.70865 and end point is 1.71329.
- Throughout the timeseries, much variation can be observed, though the rates don't seem to vary wildly in the short-term. This suggests that the exchange rates are generally stable over the period shown, with minor fluctuations being part of the normal market changes.
Seasonality and Pattern Analysis
Regarding the seasonality and recurring patterns:
- From the given data set, it is difficult to directly identify seasonal variations or recurring patterns considering the lack of contextual information, such as whether the data points correspond to weekdays, weekends, specific months etc.
- The data does not show clear recurring daily patterns but one might note some intra-day patterns. However, to make any concrete conclusions, data for a longer period and with more contextual information is necessary.
Outliers Analysis
On the topic of outliers or instances where the exchange rate differs significantly from what would be expected:
- The absence of extreme spikes in the provided data suggests that there aren't any serious outliers in this dataset.
- However, there are several instances where there are small peaks and troughs. This indicates instances where the exchange rate might have deviated slightly from the expected norm. But such fluctuations in a short span are expected in a Foreign Exchange Market and are not usually categorized as outliers.
![GIP Exchange Rate Sees Dramatic Surge and Dip in a Single Day](http://currencymart.net/images/news/gibraltar-pound/2024-05-21/img-2QiIisCehBWvVYJSOWn9MxXu.webp)
Current Middle Market Exchange Rate
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