2024-05-01 Hong Kong Dollar News
2024-04-30
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 Analysis
The overall trend of the exchange rate in the dataset appears to show a slight increase. Starting from a value of 0.17483, the exchange rate rises to a maximum value of 0.17622. There is a slight fluctuation in values in between but if we observe from a broad perspective, the trajectory of the exchange rate can be considered as an upward one.
Seasonality and Recurrence Pattern Analysis
Upon analyzing the dataset, there are no distinct seasonality or recurring patterns observed in the exchange rate. The data oscillates within a narrow range of values, with the primary fluctuation occurring between 0.17483 and 0.17622, which is a relatively small range. This indicates a fairly steady and stable market during this observed period.
Outlier Analysis
In this dataset, no significant outliers were detected that differed substantially from the overall uptrend. Generally, the values fluctuate in a relatively tight bracket, indicating a stable exchange rate during the given period.
Consideration for External Factors
The current analysis did not include specific external factors such as market opening and closing hours, weekends or holidays, or the release of key financial news and reports. These factors can have significant impacts on the foreign exchange market and this simple univariate time series analysis could be complemented with these additional factors for a multivariate or comprehensive time series analysis.