2024-05-10 Guernsey Pound News
2024-05-09
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 of Exchange Rates
The general trend of the GGP exchange rate over the dataset period appears to fluctuate slightly. From the start to the end of the dataset period, the exchange rate has mostly experienced some changes, both uptrend and downtrend. Specifically, the rate value at the start of the period is noted as 1.70994 and by the end of the period, it slightly decreased to 1.70518. This suggests that there isn't a significant increase or decrease in the rate over the time interval in the given dataset.
Seasonality or Recurring Patterns
As for any recurring patterns or seasonality in the exchange rates, it would be challenging to define this precisely without generating a more sophisticated time series model. Detailed hourly or daily patterns would require applying least squares method or Fourier series for better inspection, which both are beyond the scope of a fundamental analysis. However, it can generally be observed that there seems to be some fluctuation throughout the dataset, but without a specific clear pattern of high and low points.
Outliers in the Exchange Rates
With the given data, it is challenging to specify outliers without having a box and whisker plot or a scatter plot. Identification of outliers typically involves defining data points that fall significantly above the third quartile or below the first quartile of the data distribution. Nevertheless, in this analysis, no explicit large swings in the exchange rates were detected than the general fluctuation. Any point in the data that varies significantly from the overall trend could be termed an outlier, but these require more sophisticated statistical analyses to identify.
In conclusion, this data reveals a slightly fluctuating trend in the exchange rates over the period covered by the data set. Remember, these observations are fairly general, and a more detailed analysis might reveal subtler trends or patterns not immediately evident. Furthermore, though this analysis doesn't cover outside factors, these should always be considered for detailed assumption since they tend to have significant impacts on exchange rates. They include: key financial news and reports, market opening/closing hours or weekends/holidays fluctuations.