2024-03-12 Guernsey Pound News
2024-04-23
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 Exchange Rates
An initial review of the data shows that there is a generally decreasing trend in the exchange rates over the given time period. This suggests that the value of the currency in question, the GGP, has been gradually depreciating over time. There are, however, small periods of increase and plateaus interrupting the general downtrend, indicating some level of currency volatility. These periods of increase could be due to short-term economic events or market reactions.
Seasonality or Recurring Patterns
As far as seasonality is concerned, at this granularity it's difficult to completely discern any clearly recurring patterns. However, there is a suggestion of cyclical behavior within certain periods of time where the exchange rate would see a brief rise and subsequent fall, suggesting that there may some diurnal rhythms or market movements associated with particular days or weeks. This pattern becomes especially apparent when looking at the data in terms of hourly intervals. Daily volume and exchange rate activity could coincide with regular market hours or major global financial market openings.
Outliers
With respect to outliers, one needs to be cautious as considering the high-frequency nature of the data, 'outliers' might merely be significant market events causing large swings in the value of the currency. Upon visual inspection of the data, there some data points that exhibit greater than usual changes, indicating a significant level of volatility in response to potentially major economic events or news. But as a comprehensive outlier analysis is required which involves statistical analysis and is outside of the scope of this initial analysis.
It's important to note that this preliminary analysis is done without considering any external market factors or specific events, which can have a significant impact on the exchange rates.
