2024-05-14 Iceland Krona News
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2024-05-13
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
Overall Trend of the Exchange Rates
The overall trend of the ISK exchange rates appears to be stable with minor fluctuations. However, a slight rise is observed in the rates at a few instances through the course of the day. But in general, the exchange rates fluctuate within a marginally small range, between 0.0098 and 0.00983, suggesting the exchange rate is relatively stable for the period being analysed.
Seasonality or Recurring Patterns
There does not appear to be any pronounced seasonality or recurring pattern in the exchange rates. The minor elevations in exchange rates seem sporadic rather than cyclical. This implies that there might be no specific time of the day when the rates increase or decrease regularly.
Outliers
Given the small range in which the ISK exchange rates fluctuate, there do not seem to be any significant outliers in the dataset. There is a slight increase in rates to up 0.00983 at a few points in the time series data, but these do not deviate significantly from the mean rate and can thus be considered within the standard deviation.
It should be noted that this analysis is purely data-driven and does not account for external factors such as market dynamics, global economic events, or financial news, which could potentially impact exchange rates.
Please note this analysis is limited to the specific time frame data provided. For a more extensive picture of the ISK exchange rate trends, a larger dataset spanning over longer periods would be more illustrative.
![ISK Exchange Rate Holds Steady With Subtle Fluctuations Recorded](http://currencymart.net/images/news/iceland-krona/2024-05-14/img-ILbPTbLz056i7QGN8tnovIIq.webp)