2024-05-14 Hong Kong Dollar News
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2024-05-13
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
Analysis of Exchange Rate Time Series Data
Having studied the dataset you provided, several key points have been identified about the changes in the Hong Kong Dollar (HKD) exchange rates over time. These are outlined below.
1. Overall Trend
The general trend of the exchange rate during this observed period is fairly stable. Slight fluctuations and minor changes have been observed - the rate oscillates between 0.17491 and 0.17523. This indicates neither a marked increase nor decrease over this time but a moderate stability in the exchange rate. However, even with this relative steadiness, tiny variations can sometimes have significant implications, due to the large scale of foreign currency transactions.
2. Seasonality and Recurring Patterns
There's an inherent difficulty in observing clear seasonality or recurrent patterns from the data set, given the short timeframe. It spans only a single day. For a time series to display discernible seasonality, data over a longer time frame (multiple quarters or years) is typically necessary. However, this is not to suggest that intra-day patterns are not of interest; different hours of a trading day exhibit unique behaviors.
3. Outliers
From the data provided, there don't appear to be any significant observed outliers. Meaning, there are no instances where the exchange rate differs significantly from what would be expected based on its overall path. All changes are within a small range, suggesting that the methods driving the change are stable.
In this analysis, we haven't considered periodic events like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Such external factors can have a significant impact on exchange rates, causing volatility or turbulence even within a generally stable trend. As per your instruction, no forecast for future rates has been made.
This analysis serves as a general overview based on the data given, and further details can be uncovered using more sophisticated statistical analysis and longer periods of observation.
![HKD Exhibits Unprecedented Stability Amid Fluctuating Spheres](http://currencymart.net/images/news/hong-kong-dollar/2024-05-14/img-KrYSvViASt9KBhoOdiHrEY4R.webp)