2024-05-22 Hong Kong Dollar News
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2024-05-21
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
General Trend Analysis
Based on the provided dataset, the exchange rate of the HKD has a general trend of slight depreciation, i.e., the value of the HKD is slowly declining. It begins at 0.17482 and gradually decreases to 0.17481 by the end of the period. However, this decline is not linear; it fluctuates at different times throughout the period.
Seasonality Analysis
No clear pattern of seasonality can be discerned from the provided data. The exchange rate does not exhibit regular and predictable changes that repeat over each daily cycle. Most of the fluctuation in the exchange rate is random "noise".
Identification of Outliers
In the dataset provided, outliers, that is, instances where the exchange rate significantly deviates from the expected trends or seasonality, are not immediately apparent. To formally identify any outliers, more advanced statistical methods would have to be applied to this dataset. We may need to apply techniques like the Z-Score or the IQR method which are common statistical ways to identify outliers by their deviation from the mean or median.
Fluctuations Analysis
Detailed observation shows small fluctuations in exchange rates throughout the provided timestamps. These fluctuations are mostly within 0.0001, except at few instances where it went as high as 0.0003. Such fluctuations can be due to various uncontrolled external factors that impact the forex market dynamics, such as economic indicators, market sentiment, political instability, performance of other currencies, etc.
Summary
In conclusion, we have a somewhat depreciating HKD currency over the period in consideration with no clear seasonality detected. There is no direct identification of outliers with the given data. There are small fluctuations noted throughout the period.
![HKD Struggles for Stability Amidst Fluctuating Exchange Rates](http://currencymart.net/images/news/hong-kong-dollar/2024-05-22/img-iVVpLzeSCqSZNYUsBb3UQYxG.webp)