2024-04-18 Iceland Krona News

Currency mart logo
Follow Iceland Krona Forecast April 18, 2024
Share:

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

From the dataset provided, the overall trend of the exchange rates between ISK and other currencies appears to be mostly stable with slight fluctuations throughout the period shown. The rates started from 0.00974, reaching a low of about 0.00973 after a slight dip at around 17:00:02, and experienced a subtle increase to a high of about 0.00979 around 11:45:03. Generally, we can infer that the market stayed relatively stable for ISK throughout this period.

Seasonality or Recurring Patterns

From the provided data, it's quite challenging to discern any clear seasonal trends or recurring patterns. The values seem to hover around the same mark throughout, with only minor changes up or down observed. However, further analysis would be required on a more extended dataset to ascertain the presence of seasonality or recurring patterns definitively.

Noted Outliers

Given the stability of ISK throughout the period, most fluctuations in the exchange rates are relatively minor and within the same range. However, there was a quick dip around 17:00:02 where the exchange rate fell noticeably to 0.00973 from the previous rate of 0.00978. This dip could be considered an outlier given its significant difference from the rates observed during rest of the day. It's also noticed that the exchange rate went up significantly to 0.00979 at around 11:45:03, marking the highest point during the day. Although this might just be a normal movement, this data point could also be considered as another outlier.

In conclusion, the exchange rates for ISK within this period mostly remain stable with slight upticks and dips. Any outliers didn't deviate significantly from the general trend. Remember that financial data is typically influenced by a complex web of factors, so even minor fluctuations can be significant in certain contexts.

1> 17th April 2024 was a day of slow, stable growth for the ISK exchange rate. It started the day at the rate of 0.00974 and ended at 0.00977, with several minor fluctuations throughout the day. The exchange rate held steady at 0.00974 for the major part of the day, where it wasn''t until around 1.40 AM, we see a slight shift upward to 0.00975. This was followed by a return to the earlier rate but by 2.40 the rate climbed back up to 0.00975 and remained steady. It was at 5.40 AM that we see our first significant activity of the day, the rate rose to 0.00976 and it continued an upward climb to 0.00977 by 6.10 AM. This uptick was relatively short-lived and by 8.40 AM, it reverted to the safer shores of 0.00975. Arguably the most notable event of the day was at 5 PM, the ISK exchange rate dropped to 0.00973. This marked a downward turn for the rate which persisted until 7 PM. From there began the recovery phase with a gentle incline back to 0.00977 by 9 PM, and then, executed a climb to 0.00978 at 10.40 AM. This byte of financial news outlining the ISK exchange rate changes shows the dynamic nature of financial markets. The causes of the rate shifts through the day can be attributed to various factors, from trade markets opening and closing around the globe, to significant financial announcements, and major buying or selling of the currency. The significance of this record lies mainly in its stability. Overall, the fluctuations observed were minor and didn''t represent any abrupt changes which could instigate market panic or over-exuberant investment. Stability in exchange rates is often seen as a sign of a healthy economy and can indicate investor confidence, reinforcing the strength of the ISK. Moving forward, it will be important to watch trends in the ISK exchange rate carefully. If the stability continues, this could point to sustained confidence in the Icelandic economy and potentially attract further investment. However, any sudden changes could possibly indicate shifts in the global market or domestic financial circumstances. In a nutshell, while fluctuations are arguably the lifeblood of currency markets, stability often indicates confidence and the 17th of April 2024 was a major display of such sentiment in the ISK market.Exchange rate sees slight rise during April 17th 2024

Current Middle Market Exchange Rate

For information purposes only. 



Where to purchase Iceland Krona?
Winnipeg Downtown Winnipeg St. Vital Mall Toronto Downtown Toronto North York Online Shop Online Exchange Online Exchange