2024-04-22 Guernsey Pound News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Data Analysis of GGP Exchange Rates
The given data presents the timestamped records of GGP exchange rates covering a period from March 22, 2024, to April 19, 2024.
1. Overall Trend
The GGP exchange rates do not maintain a consistent trend over this period. They initially rise from a value of 1.71804 on March 22, 2024, to a peak value of 1.72746 on April 12, 2024. However, following this peak, there's a significant downturn with the rates reaching a low of 1.69201 on April 4, 2024. This downward trend is brief and the exchange rate increases again reaching a high point of 1.72888 on April 12, 2024. This is followed by another downwards trend leading to another trough of 1.71148 on April 15, 2024. Therefore, the overall trend in the exchange rate during this period is not stable and is characterized by a succession of rises and falls.
2. Seasonality and Recurring Patterns
Within this dataset, a recurrent pattern is not clearly exhibited. This is often the case with financial data, which can be impacted heavily by numerous unpredictable variables. However, slight rises and falls can be observed within specific daily intervals, suggesting that there might be certain hours of the day where the market is more active leading to bigger shifts in the currency's value.
3. Outliers
There are several instances in the data where the GGP exchange rates significantly deviate from the prominent trend. These instances may be considered as outliers. More specifically, the sharp increase from 1.71535 to 1.71194 between April 10, 2024, 06:00:02 and 08:00:03, can be considered as an outlier due to its significant deviation from preceding values and the sudden increase within a short interval of time. Similarly, the sharp decrease observed from 1.72888 to 1.71302 between April 12, 2024, 14:00:01 and April 15, 2024, 02:00:02, can also be considered as an outlier given its marked discrepancy from the preceding trend. These fluctuations in GGP exchange rate deviate from the normal trend suggesting the existence of external influencing factors within these periods.
Despite these outliers, the majority of the exchange rates lie within a reasonably tight range, detailing a fluctuation expectation during this period.
Please note that without considering external factors such as market opening/closing hours, weekends/holidays, or financial news, this analysis purely focuses on the provided dataset and establishes its interpretation solely based on this.