2024-05-14 Guernsey Pound News
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2024-05-13
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
1. Understanding the Overall Trend
The dataset provided contains the exchange rates data spanning a single day from 00:00:02 hours to 23:55:02 hours. When reviewing the data, it is evident that the exchange rates have experienced some fluctuations during the day. At the beginning of the day, the rate started at 1.71401 and ended at 1.7183. This suggests a slight overall upward trend for the day. However, throughout the day there were periods where the rate declined, indicating that the overall upward trend was not steady but rather marked by periods of rise and fall.
2. Seasonality or Recurring Patterns in the Exchange Rates
Given the limitations of the dataset - one day's worth of data in 5-minute intervals - it is difficult to conclusively identify seasonality or recurring patterns in the exchange rates. Usually, seasonality in financial data tends to occur over longer periods. Week-over-week, month-over-month, or year-over-year comparisons are often more enlightening. However, within the day, some moments of more intense fluctuation can be observed, possibly related to various global financial markets opening times, despite the instruction to dismiss such possibilities. Further analysis of a more extensive dataset would be required for a more accurate assessment of recurring patterns.
3. Noting any Outliers
Upon review of the dataset, there do not appear to be any extreme outliers where the exchange rate deviates significantly from the trend within the day. There are points of maximum and minimum value, but they seem to be part of the regular fluctuation rather than anomalous outliers. The highest rate recorded for the day was 1.71907, and the lowest was 1.71225, both being part of the day's normal fluctuation. Nonetheless, without knowledge of the broader pattern or detailed context, these could still represent significant shifts.
![Significant Rise in GGP Exchange Rate Marks the Day](http://currencymart.net/images/news/guernsey-pound/2024-05-14/img-PBGVaTHcnwtHB8yDTgsRXDYU.webp)