2024-04-23 Guernsey Pound News
2024-04-22
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
Analysis of exchange rate trends
An initial view of the dataset reveals a fluctuating trend in the GGP exchange rates at different time points. The value appears to be oscillating around a central point, indicating that the market has been experiencing volatility during this period, resulting in a correspondingly dynamic exchange rate.
Seasonality or recurring patterns
In terms of seasonality or recurring patterns, the provided dataset does not permit a direct identification of such trends within the given period due to its relatively limited timeframe. A detailed and accurate identification of seasonality or cyclical patterns in financial or economic time-series data generally requires data spanning numerous years. This would allow the capture of annual recurring events, economic cycles or market movements that could influence the given exchange rate.
Identification of outliers
The presence of outliers (instances where the exchange rate differs significantly from the overall trend) can often indicate extraordinary market events or data errors. A cursory look at the dataset does not immediately show significant outliers. However, a more detailed statistical analysis or visualization (like boxplots or scatter plots) can give a more accurate detection and measurement of potential outliers. It should be noted that in financial markets context, these outliers could represent crucial events, hence, require thorough investigation.
Overall, it is essential to remember that exchange rate movements are determined by a complex interplay of various factors, including macroeconomic indicators, world events, and market sentiment. Consequently, this analysis provides a preliminary exploration of trends within the dataset, and a more comprehensive examination would need to consider these elements.