Stable ISK Exchange Rates Holds Steady Momentum
2024-04-23
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of the Exchange Rates
Based on the provided dataset, the ISK exchange rate appears fairly stable throughout the time range. It begins on 2024-04-23 at a rate of 0.00971 and ends the same day at a rate of 0.00973. While there are minor fluctuations in the exchange rate value, the rate does not show any significant increases or decreases over the period. The changes are subtle and gradual, suggesting a stable exchange rate for the ISK within this time frame.
2. Identifying Seasonality or Recurring Patterns
Regarding seasonality or recurring patterns, the dataset does not cover a sufficient span of time to derive definitive conclusions about these aspects. The data covers less than a 24-hour period, which makes it challenging to extrapolate larger cyclical trends or significant seasonal fluctuations. It would require a more extended dataset, covering at least a few weeks or months, to affectively identify seasonality or recurring patterns in the exchange rate.
3. Noting Any Outliers
From the data provided, no significant outliers are visible. An 'outlier' in this context would be a rate that deviates significantly from the others around the same time. All values provided are relatively close to each other, with the most substantial difference being 0.00003, which is hardly significant in an exchange rate context. Therefore, it can be said that the ISK exchange rate remained quite stable and consistent with no drastic spikes or drops within the given timeframe.
Please note that this analysis disregarded external influences such as market opening and closing hours, weekends, holidays, or the release of significant financial news and reports. Given more diverse and long-span data, the influence of such factors could be explored in more detail and might yield different insights.
