2024-05-15 Hong Kong Dollar News
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2024-05-14
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
Based on the provided data, the overall trend of the exchange rates (HKD) can be analysed. Initially, we can observe a slight general downward trend in the exchange rate. The exchange rate started at approximately 0.17513 on 2024-05-14 00:00:02, reaching a minimum of around 0.17456 on 2024-05-14 08:15:03. It then slightly rebounded and fluctuated around an average of around 0.17475 for most of the period, ending at approximately 0.17469 at the end of the dataset at 2024-05-14 23:55:02. Thus, overall, the exchange rates seem to have slightly decreased over the period shown.
Seasonality and Recurring Patterns
Upon closer observation, it seems that there might be certain recurring patterns within the data. Specifically, it appears that there are regular intervals during which the exchange rate slightly decreases, followed by a period of slight increase. The rates tend to change more rapidly in a certain period (likely due to market opening hours), and then move more slowly in another period (possibly due to market closure). However, a more advanced time-series analysis with larger datasets would be needed for a clearer understanding of potential seasonality effects.
Outliers and Significant Instances
We can notice a few instances where the exchange rate differed significantly from the surrounding values. These include the sharp drop at around 2024-05-14 08:15:03 and the subsequent increase at 2024-05-14 08:20:02. These instances could be considered as outliers in this dataset. Outliers are points that deviate significantly from the overall pattern and could be driven by various factors such as market events or data anomalies. Taking these instances into account, caution is needed in interpreting the general trend as they may distort a clear understanding of the overall trend.
![Fluctuating HKD Exchange Rates Witness Slight Drop Over the Course of 24-Hours](http://currencymart.net/images/news/hong-kong-dollar/2024-05-15/img-JFz7gUODg0rgxDwZBMJXUJ2J.webp)