Unseen Growth GGP Exchange Rate Soars Towards Unprecedented Heights
2024-05-05
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
Overview of Dataset
The dataset given provides the exchange rate of GGP at different timestamps, ranging from 2024-04-05 to 2024-05-03. It's a time-series dataset that records the fluctuations in GGP exchange rate observed at various increments of time.
Understanding the Overall Trend
Considering the given dataset, the overall trend of the exchange rates appears to have fluctuations rather than a consistent increase or decrease. Initially, the exchange rate slightly decreases from 1.70192 on 2024-04-05 to 1.70054 on 2024-04-05. However, it then slowly increases peaking at 1.72888 on 2024-04-12, followed by a dip to 1.71148 on 2024-04-15 and then rebounding back to 1.72298 on 2024-04-16. The exchange rate then generally decreases to 1.7011 on 2024-04-26, with some fluctuations, before increasing to 1.71609 on 2024-04-30. Ultimately the exchange rate decreases again to end at 1.70183 on 2024-05-03. The GGP exchange rate fluctuates, and the average rate seems stable with no clear upward or downward trend in the given time frame.
Identifying Seasonality or Recurring Patterns
Seasonality or recurrent patterns are not readily visible in the given dataset. The fluctuations in exchange rate do not follow an identifiable or consistent pattern over the specified duration. This lack of seasonality suggests that the GGP exchange rate is likely influenced by numerous factors and conditions in the financial market that are not necessarily bound by time.
Noting Outliers
As far as noticeable outliers, the GGP exchange rate appears to remain relatively consistent, with a few exceptions. For instance, there is a major rise in exchange rate from 1.70136 on 2024-04-10 04:00:02 to 1.71194 on 2024-04-10 08:00:03. Another noticeable outlier is the fall from 1.72888 on 2024-04-12 14:00:01 to 1.71302 on 2024-04-15 02:00:02. These outliers seem unusual compared to the standard exchange rate behavior in the dataset and may be triggered by unique events or circumstances in the financial markets.
In conclusion, the exchange rate for GGP, as displayed in the dataset, shows volatility with no specific upward or downward trend and several outlier points. Further investigation might reveal additional unique attributes or patterns, but this would require a more detailed analysis, potentially employing statistical techniques or machine learning models.