2024-05-13 Hong Kong Dollar News
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2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend
Observing the data meticulously, it can be noted that the overall trend of the HKD exchange rates shows a slight decrease during the period captured in the dataset which stretches from 2024-04-12 to 2024-05-10. The initial exchange rate value at the start of the dataset is around 0.17512 and this value appears to decrease slightly, ending at around 0.17493 towards the end of the dataset period. The dataset does not suggest significant fluctuations as the rate changes appear to be minor.
2. Identifying Seasonality and Recurring Patterns
In the given dataset, it's challenging to discern any clear seasonality or recurring patterns. This is primarily because the data provided is on a relatively high time scale (hourly rates) over only a month period. For significant seasonality or recurring patterns to be perceptible we would require data over an extended timeline or a format that allows for such patterns to be recognizably delineated. That being said, the dataset does show slight rate increases and decreases happening within certain consistent time intervals which could suggest intra-day patterns worth further investigation.
3. Noting any Outliers
Based on the data provided, there aren't any noticeable outliers where the exchange rates differ significantly from the general trend. All changes in the exchange rates appear to be minor. Aforementioned, we can see some intermittent increases and decreases in the rate but these remain within a limited range implying that there are no extreme spikes or drops represented in the dataset.
Note: The analysis provided is purely based on the dataset provided and does not take into account any external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, nor does it generate any forecast for future rates as per the request.
![Steady Growth in HKD Exchange Rates Over Period Marks Stability Amid Global Uncertainties](http://currencymart.net/images/news/hong-kong-dollar/2024-05-13/img-WO0ps44BNDjAuZJRREsD2ak2.webp)