2024-05-07 Iceland Krona News
2024-05-06
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
Overview Of The Exchange Rate Trends
From the data provided, it seems that the ISK exchange rates have remained relatively stable throughout the period observed. The values recorded mainly lie around either 0.0098 or 0.00979. There are very minor fluctuations within the given range, suggesting a steady currency environment during this time frame. This indicates resilience in the exchange rate which could potentially be due to robust fiscal policies, monetary policies, or the state of the local and global economy during this period.
Seasonality And Recurring Patterns
The dataset doesn't exhibit any clear short-term patterns or seasonality. As the exchange rate changes at various time points are minimal and quite consistent, it's hard to establish any regular and predictable changes in the dataset. However, this might not be absolutely correct due to the limitations of the data range and granularity. Therefore a further analysis, probably on a much longer time scale or at varied times of the day (peak and off-peak hours), would help clarify any potential patterns.
Identification Of Outliers
The exchange rates, as depicted in this dataset, appear quite consistent with no significant outliers. Almost all the recorded values are within the 0.0098 to 0.00979 range, with only a few, if any deviations from this. This implies a lack of events during the studied period that might have caused a significant effect on the exchange rates.
In conclusion, your data suggests that exchange rates during the period were stable, exhibiting neither a noticeable increasing nor decreasing trend. There are no clear patterns of seasonality nor any significant outliers in the data. Keep in mind that this is a simple review of your time series data. For a more comprehensive understanding of exchange rate fluctuations, a more in-depth analysis that encompasses other potential influencer factors or a different methodology might be required.
