2024-05-08 Guernsey Pound News
2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Analysis
After examining the dataset, it appears that the general trend of the exchange rates is to increase. The GGP rate starts at 1.7043 and ends at 1.71314. Although there are numerous short-term fluctuations in both directions, the long-term trend shows a rise. This is apparent when we note that the highest GGP exchange rate recorded is 1.7139 while the lowest is 1.70297. Therefore, we can conclude that the overall trend during the analyzed period was an increase in the GGP exchange rate.
2. Seasonality and Recurring Patterns
Given the short data set and the highly minute granularity, it is challenging to determine any seasonality or recurring patterns within this data accurately. However, the data demonstrates that there are periods of relative stability in the exchange rate, where the value of GGP fluctuates within a narrow band before experiencing a more significant change. For example, after 16:20 to about 18:30, there is a period where the exchange rate mostly oscillates around 1.710. Similar patterns can also be observed at different timestamps. Understanding these patterns require a longer and macro-level dataset that provides weekly or monthly intervals.
3. Outliers Analysis
In terms of outliers, several instances were found where there were significant changes in the GGP exchange rate in a relatively short period of time, breaking from the trend. For instance, between 10:20 and 10:40, the exchange rate increased from 1.70507 to 1.70813, which is a significant jump. Another notable increase occurred between 21:55 and 22:15 when rates hiked from 1.71304 to 1.7139. These could be attributed to several factors like high market volatility, release of economic data etc. but without corresponding external data or a longer time period to analyze, it's difficult to assign these changes to specific causes.