2024-05-15 Iceland Krona News
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2024-05-14
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
The overall trend of the ISK exchange rate over the provided time period can be described as generally stable. For most of the observed timestamps, the rate seemed to hover around 0.0098, with minor fluctuations of only about 0.00002. This negligible variance indicates a relatively stable market, with no significant increases or decreases over the given period.
2. Identifying any seasonality or recurring patterns
Based on the provided data, it isn't apparent that there's any clear seasonality in the exchange rates of ISK. The values seem to remain fairly consistent, with no noticeable patterns of increases or decreases that recur at specific intervals. It's also worth noting that one day of observations may not suffice to pinpoint any daily, weekly or monthly recurring patterns. More extended data history would help paint a clearer picture of any inherent cyclical behaviour in this exchange rate.
3. Noting any outliers
Examining the dataset, there doesn't seem to be any significant outliers. The exchange rate values all lie in a close range, with no major jumps or falls. The maximum rate reached is 0.00982, and the minimum is 0.00974, which is relatively minor in terms of variation. It's reasonable to assume, based on this data that there were no unexpected market events that drastically affected the ISK exchange rate during this period.
![Unprecedented Stability Observed in ISK Exchange Rates](http://currencymart.net/images/news/iceland-krona/2024-05-15/img-XIhYNtSXr7UyfAVSG3hGOZDE.webp)