IMP Exchange Experiences Volatility Amid Unsettled Market
2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of Exchange Rates
From the data provided, the overall trend of the IMP exchange rate indicates a slight decline throughout the day on 17th April 2024, as it started from 1.72162 and ended the day at 1.71332. Within this, there were numerous fluctuations.
Seasonality and Recurring Patterns
Looking at the time-series data, some recurring patterns do emerge. It appears that there is an intraday pattern where the IMP exchange rate experiences more volatility during the first few hours of the day up till around 08:30, then stabilizes or slowly declines towards the end of the day. However, further analysis covering a larger data set for patterns over days, weeks, or months is needed to clearly establish and verify the existence of a seasonal trend.
Identifying Outliers
Determining an outlier in this context can be subjective due to the constant fluctuation of exchange rates. However, there were some fluctuations that appear larger than most. For instance, at around 09:55, the exchange rate suddenly jumped from 1.71794 to 1.72012, and similarly at around 11:05, it leaped from 1.71978 to 1.72074. These could potentially be considered outliers, depending on the threshold set for determining an outlier.
It is important to note that factors such as international trade, inflation, interest rates, political stability and economic performance can all influence exchange rates, which may all attribute to the presence of these outliers. As per the instruction, this analysis does not take into account these external factors.
To summarise, the IMP exchange rate generally trended down throughout the day, with noticeable intraday volatility. There was no clear seasonality in the data, but a few potential outliers were identified.
