2024-05-08 Hong Kong Dollar News
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2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis
The dataset given represents the exchange rate of the Hong Kong Dollar (HKD) over several timestamped periods. This comprehensive analysis will provide insights into the overall trend of the exchange rates, any recurring patterns, and outliers.
Overall Trend of the Exchange Rates
From a high-level view of the data, we observe a general upward trend in the exchange rate values over the given timeline. The exchange rate starts from about 0.17491 and ends at around 0.17591. Despite some fluctuations over time, there is an increase in the exchange rate values over the period. However, the increase is not significant or highly volatile. The trend mostly appears to be stable, with relatively minor changes in value occurring over the duration.
Seasonality and Recurring Patterns
The examination of the dataset does not reveal a clear pattern or seasonality in the changes of exchange rates. At different points in time, there are instances of both increases and decreases in the exchange rates. However, these do not follow a fixed or regular pattern that could be associated with a specific seasonal trend. The fluctuations seem to occur randomly over the intervals.
Outliers and Notable Exceptions
In terms of outliers, one would generally look for values which differ significantly from other points in the dataset. In this case, there are no significant spikes or drops in the exchange rate values that would be considered outliers. The fluctuation range, from the lowest to highest rate, is quite narrow (approximately 0.17480 to 0.17601), suggesting that the these rate changes have occurred within a relatively stable range.
In summary, this dataset of exchange rates shows a general upward trend but without clear seasonality or recurring patterns. Variations in the rates occur within a reasonably small range, with no apparent outliers. These findings offer valuable insights for decision-making in regards to financial or investment strategies involving the HKD.
![HKD Witnesses a Steady Rise amid Fluctuations throughout the Day](http://currencymart.net/images/news/hong-kong-dollar/2024-05-08/img-ZY3qq1jw9wmvoeh5QLXrbZr6.webp)