2024-04-19 Guernsey Pound News
2024-04-18
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 Analysis
From a preliminary view of the data, it seems that the overall trend of the GGP exchange rates over the period is increasing. The initial exchange rate at the beginning of the timeframe is approximately 1.71345, and by the end, it increases to around 1.71654. Although there are fluctuations (both ups and downs) throughout, the ultimate movement shows an upward trend. However, it is also clear that this increase is minimal, implying that the exchange rate across the duration depicted is relatively stable.
Seasonality and Recurring Patterns
Without the aid of graphical visualizations or more advanced time-series analysis methods, the detection of seasonality or recurring patterns is challenging. However, it's noteworthy that exchange rates, like many other financial variables, often exhibit certain intraday or weekly seasonality patterns tied to market activity in different global trading zones. A more detailed analysis could reveal such patterns.
Identifying Outliers
The data shows some instances where significant jumps in the exchange rate occur, potentially indicating the presence of outliers. For example, the exchange rate seemed to spike around the timestamp '2024-04-18 08:45:03' from 1.71385 to 1.71515, and similarly, there was another apparent jump from 1.71556 to 1.71667 at '2024-04-18 20:00:03'. However, without knowing the typical scale of exchange rate changes or applying more rigorous outlier detection methods, these potential outliers should be interpreted with caution.
In conclusion, a more extensive analysis is needed to fully understand these trends and patterns. Consider using techniques like time series analysis, trend and seasonality decomposition, and statistical checks for the presence of unit roots and stationarity to gain more insights.