2024-05-09 Hong Kong Dollar News
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2024-05-08
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. Overall Trend
The data provided ranges from 0.17594 to 0.17603, showing a very small fluctuation which might indicate a generally stable rate for HKD. However, there is a gradual decline noticeable as the data hits its lowest at 0.17545 around 16:20 and then starts to rise gradually again. Despite this movement pattern, the range remains very tight and any fluctuations are relatively minimal.
2. Seasonality or recurring patterns
Due to the short time frame of the data – a single day – it is challenging to confidently identify any significant seasonal or recurring patterns. Also, the small variations in exchange rates within this period don't conclusively support the presence of regular patterns. However, the minor decline and subsequent restoration might suggest a diurnal pattern. Longer time frame data would assist in identifying any such patterns with greater confidence.
3. Outliers
As noted in the analysis of the overall trend and possible recurring patterns, there is no significant variance in the dataset that could suggest the presence of outliers. Throughout the entire dataset, the exchange rate remains within a very tight range, only showing minimal fluctuations.
It is essential to state that the above analysis is purely based on this one-day exchange rate dataset's numerical values and does not take into account any external factors. Certain outside influences can notably affect exchange rates and, as such, should be factored in for a more comprehensive and accurate analysis over a longer period.
![Subtle Shifts in HKD Exchange Rate Point to Underlying Market Dynamics](http://currencymart.net/images/news/hong-kong-dollar/2024-05-09/img-KPTZ1QcoxMsIBCP7PqALA4Vn.webp)