2024-04-23 Hong Kong Dollar News
2024-04-22
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. Overall Trend of the Exchange Rates
Looking at the provided data, it appears that during the time period shown, the exchange rate of the Hong Kong Dollar (HKD) against its trading pair has seen slight changes in its value but overall remained relatively stable. It started at a value of 0.17526 and ended at 0.1748. That is a decrease of approximately 0.26% over the observed period. There is a minor trend for decrease in the value, but on a given day, the rate can slightly fluctuate up and down.
2. Seasonality or Recurring Patterns
From the data presented, it can be somewhat challenging to identify any clear-cut recurring patterns or seasonality in the exchange rates. It's important to note that this dataset provides us with intra-day trading values, these values might be subject to numerous influences, including not only macroeconomic factors, but also high-frequency trading which could potentially distort any recurrent patterns. That said, without a longer dataset that covers a larger timeframe, it would be difficult to identify any potential seasonalities or recurring patterns. An analysis over a more extended period, such as several years, would provide a more comprehensive overview of any potential seasonalities.
3. Outliers
Notable outliers in the data are instances where the HKD rate shows a significant change in a short amount of time. For example, at the timestamps of 08:35:03 and 09:30:03, the exchange rate of HKD rose from 0.17518 to 0.17546 and then rapidly fell back to 0.1751. This indicates a quick surge in value, which is an abnormal occurrence in such a stable currency pair's behavior. However, such fluctuations, even if rapid, are not extreme in value, which further confirms the overall stability of the given exchange rate during the covered period.
