2024-05-09 Guernsey Pound News
2024-05-08
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
Based on the given time-series data, it is quite difficult to definitively determine a consistent upward or downward trend of the GGP exchange rate due to the short duration of the intervals examined. However, throughout the data, there are minor fluctuations in the exchange rate occurring. Specifically, at the start, the exchange starts around 1.71324, reaching a maximum rate of approximately 1.71432 approximately midway, and ending at a rate of about 1.70975. Thus, despite the small peak observed, the overall trend seems to slightly decrease within the given timestamps, although this decrease is very marginal.
Seasonality and Recurring Patterns Analysis
The data set, as it spans over one day, does not appear to reveal any obvious seasonal effects or recurring patterns on the provided time scale. Seasonality is often noticed with longer time frames, typically on an annual basis, where reoccurring patterns can be identified due to annual events or market behaviors. Moreover, with the five-minute intervals used in this dataset, it's challenging to confidently identify any recurring patterns without analyzing longer time frames or without considering any external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
Outliers Analysis
From the dataset given, determining outliers might be a bit challenging as it mainly depends on the level of tolerance of the fluctuations in the exchange rates by the stakeholder. The rates provided in the data appear to remain within a relatively narrow range of approximately 1.709 - 1.714. This narrow fluctuation does not indicate significant outliers as all rates remain within this somewhat stable range. Any significant deviation from this range could be considered an outlier, and additional investigation would be warranted to ascertain whether these variations are due to data errors or actual market events.
Conclusion
In conclusion, while the dataset does not seem to indicate any clear upward or downward trend in the exchange rates, it does show minor regular fluctuations within a relatively narrow range. However, without considering external factors or conducting further analysis over a more extended period, it remains challenging to identify any distinct seasonality, recurring patterns, or outliers. Moreover, as with any financial data, market fluctuations can be influenced by numerous factors, and even the most comprehensive analysis may not fully capture these complexities.