2024-05-21 Hong Kong Dollar News
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2024-05-20
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
Starting with an in-depth reading and analysis of the given data, it is observed that all information is price data with time explicitly mentioned. For the provided dataset, these are my findings:
1. Overall Trend of the Exchange Rates
An essential aspect of financial analysis is understanding the general trend of the data. In the case of the given time-series data, the exchange rate of HKD has displayed a tentatively positive slope over the occurring time frame, meaning that it has mostly increased. There may be slight discrepancies due to fluctuations in currency value, but the general trend shows an increase.
2. Seasonality and Recurring Patterns
When it comes to analyzing for seasonality or repetitious patterns, due to the limited scope of the data and time-frame, it is quite stringent to identify clear seasonal trends or repetitive patterns. However, periodic light increases and decreases in values suggest that there can be minor daily-seasonality effects.
3. Outliers
Identifying outliers in financial data is a crucial aspect of financial analysis. From the given dataset, most of the changes in the exchange rate are minuscule and consistent with previous values. Because there are no sudden spikes or falls in the exchange rates, the data does not present any significant outliers.
Finally, it's important to note that the external factors like market opening and closing hours, weekends and holidays, and the release of financial news were asked not to be considered for the analysis despite their potential influence on exchange rates.
![Surge in HKD Exchange Rates Marks a Significant Economic Shift](http://currencymart.net/images/news/hong-kong-dollar/2024-05-21/img-oSiQZzoB0X3z8wEvLzUw7qu9.webp)