2024-05-17 Iceland Krona News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the overall trend of the exchange rates
From the data provided, it appears that the exchange rate remains relatively stable during the time period. The majority of the exchange rates listed are 0.00985 or 0.00986. However, towards the end of the data, there is a slight decrease to 0.00984, indicating that there may be a very slight downward trend overall, but it's quite negligible.
Identifying any seasonality or recurring patterns
In regards to seasonality, due to the short duration of the data (24 hours), it's hard to definitively point out any significant seasonal patterns. However, the exchange rates seem to be slightly higher during specific hours (00:10:03, 01:05:02, 04:30:02, 05:15:02, 07:00:03, 10:35:03, 11:40:03, 17:40:03, 18:00:03). This might indicate that there may be certain timeframes during the day when the financial market is most active and the exchange rates slightly increase.
Noting any outliers
There does not appear to be any significant outliers in this data set. There is a very small range in which the exchange rate fluctuates (between 0.00984 and 0.00986), and thus any value outside of this range could be considered an outlier. However, no such values are present in the data provided.
Other notable observations
- There are slightly more occurrences of 0.00985, suggesting it could be seen as a common or 'modal' rate during this period.
- There are few moments where the exchange rate hit 0.00986, could suggest momentary peaks.
- The data is quite consistent, indicating a stable financial environment during this period.
![Stable ISK Exchange Rate Maintained over 24h Trade Index](http://currencymart.net/images/news/iceland-krona/2024-05-17/img-viFZdUo3OVzfetqtRdaFYUiR.webp)