Surge in GGP Exchange Rate Sees Record Peak MidWeek Despite Early Fluctuations
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2024-05-21
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. Understanding the Overall Trend of the Exchange Rates
The data provided shows fluctuations in the exchange rate over several intervals. Analyzing it, we observe a slight downward trend in the first half of the time period. It started at a peak of 1.71289 and gradually decreased to its lowest at 1.71033. This was followed by a sharp fluctuation in the rate, peaking at 1.71708 and decreasing back to approximately 1.7135.
In the latter half of the period, the rate showed a slow increase reaching 1.71516 and then decreased to touch the low at 1.71152. After this, the rates showed an upward trend to reach 1.71381 by the end of the time period.
2. Identifying Seasonality or Recurring Patterns in the Exchange Rates
From the presented data, it's reasonable to say that there are no apparent recurring patterns or seasonality in changes of exchange rates over the time period considered. The rates show more of random behavior with no specific daily or hourly pattern.
3. Noting Any Outliers
Throughout the examined period, a noticeable outlier can be seen around the 07:35:03 timestamp where the value spikes to 1.71416 from the previous 1.71094. There is another sharp rise to 1.71708 at 08:05:03 from 1.71569, and then decreases abruptly to 1.71451 at 08:25:03. The rate shown in these periods is significantly different from the rates immediately before and after. These might be due to specific market events or activities which are not included in the given data context.
Please note that this analysis is based solely on the data provided and does not take into account external factors such as market news, financial reports, or specific events which might have an impact on the exchange rates.
![Surge in GGP Exchange Rate Sees Record Peak Mid-Week Despite Early Fluctuations](http://currencymart.net/images/news/guernsey-pound/2024-05-22/img-RtREKJb0hLpN8BlXXKq2XuM4.webp)