2024-04-18 Hong Kong Dollar News
2024-04-17
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. Analysis of the Trend in Exchange Rates
After carefully studying the exchange rate data provided, it can be observed that there is a slight overall downward trajectory in the rates during this specific interval. The exchange rate begins at approximately 0.17648 and concludes at about 0.17565. Although the decrease in general is slight, this indicates an overall weakening of HKD throughout the timestamp provided. However, it's crucial to note that while the general trajectory is downward, there are numerous fluctuations within this timeframe. Some periods exhibit substantial variations, whereas others reflect a more stable rate.
2. Identification of Seasonality or Recurring Patterns
Spotting precise cyclic patterns in exchange rate data can be challenging, particularly with data bound to a short timeframe. Notwithstanding, one can observe some tendency for the rate to marginally rise and drop within tiny time intervals. There is, however, additional analysis required to assert the existence of a definite, recurring pattern in this dataset.
3. Examination for Possible Outliers
The provided exchange rate values are closely clustered around a relatively stable mean value, suggesting that drastic deviations or outliers are rare. However, due to the up-and-down nature of such financial metrics, even among less extreme values, minor fluctuations may appear significant. For a reliable identification of outliers, an in-depth statistical analysis would be necessary, ideally involving methods such as the calculation of z-scores or the application of the IQR (Interquartile Range) rule.
