Noteworthy Intraday GIP Exchange Rate Movements Observed
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2024-05-21
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 Exchange Rate Trend
Starting with the first data available from "2024-05-21 00:00:02" to "2024-05-21 23:55:02", there are slight fluctuations in exchange rates, but no predominant & clear trend, either upward or downward, is visible. The highest recorded exchange rate was 1.71708 and the lowest was 1.71028. Although these values have slight differences, the overall rate is relatively stable within a very narrow band around 1.713.
Seasonality or Recurring Patterns
Upon study of the dataset, no clear pattern of seasonality seems to be apparent looking at the hourly fluctuations. The exchange rates fluctuate up and down throughout the day and do not show any recurring tendencies, such as consistently increasing or decreasing at a particular time of the day. However, a deeper analysis using statistical models may be necessary to conclusively observe any hidden seasonality.
Outliers or Significant Deviations
There are a few instances of sudden jumps and falls in the exchange rates but none of these seem to be an outlier given the later fluctuations in the rates. Furthermore, without knowing what economic or financial events transpired during those periods, it's hard to definitively say whether these instances were aberrations or due to external factors. For a more comprehensive understanding, additional data or contextual information would be necessary.
Please note that this is a brief, descriptive analysis and does not utilize any predictive or complex statistical models. Also, macroeconomic factors, which can significantly affect exchange rates, were not considered in this analysis as requested.
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