2024-05-16 Hong Kong Dollar News
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2024-05-15
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 of the Exchange Rates
The overall trend of the exchange rates can only be understood by summarizing and visualizing the data effectively. However, based on the provided figures, the value of HKD seems to oscillate between 0.1741 and 0.1748 over the entire duration, which suggests a tight trading band and stable exchange rate environment. Specific trend analysis might require thorough numerical computations and graphical visualizations, which are beyond the scope of this textual response.
Seasonality or Reoccurring Patterns
At first glance, there seems to be no clear recurring pattern in the data provided as intra-day fluctuations are relatively limited. Further analysis might reveal more complex or subtle patterns which are not immediately observable. Some form of resampling (hourly, daily, etc.) or autocorrelation analysis would be necessary to uncover any cyclical or recurrent behaviors in the data. Again, this requires more detailed study using expert data analytics tools like time series decomposition.
Outliers in the Exchange Rates
Determining outliers in this dataset requires detailed statistical analysis. This analysis includes finding the mean and standard deviation of the dataset and spotting any data points that lie an abnormal distance from other values (beyond a certain number of standard deviations). Without the calculations, no immediate outliers could be noticed from the textual data provided. The range in exchange rate values seems to be very tight, which implies that the series is likely not to have extreme spikes or falls (outliers).
It's important to note that without the ability to calculate or visualize the given dataset, the above interpretations are made based on assumptions and basic observations from the dataset. To thoroughly examine and find precise patterns or trends, running a comprehensive time-series analysis using appropriate software is crucial.
![Unsteady Terrain Felt on HKD Exchange Rates Amidst Minor Fluctuations](http://currencymart.net/images/news/hong-kong-dollar/2024-05-16/img-yuuOVR3pijQg5pNW2fcWWY3W.webp)