2024-05-13 Isle of Man Pound News
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2024-05-12
Summary of Last Week
- 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
Based on the provided data, the overall trend of IMP exchange rates appears to fluctuate at various intervals throughout the period shown. There is a slight decrease in the IMP exchange rates from around 1.72 to 1.70. However, the rates do not follow a consistent trend of increase or decrease. There are periods of both increases and decreases. The rates appear to be relatively stable but with slight fluctuations.
Seasonality and Recurring Patterns
In terms of seasonality or recurring patterns, there appears to be some slight variation in exchange rates within specific timeframes. A clear pattern related to a particular time of the day or week cannot be explicitly gathered from the provided data. Detecting seasonality would require a much larger set of data spanning over multiple years. That being said, recurring patterns may still be present at smaller timescales, but further analysis would be necessary to identify these trends.
Outliers in the Data
Although it's tough to definitively identify outliers without visual aids like a box plot, a quick glance at the data doesn't suggest any prominent anomalies. In terms of exchange rates, the majority of the figures are clustered around the 1.7 mark. No value appears to swing excessively high or low, which could've indicated potential outliers. Nevertheless, a deeper analysis would be required to confirm this assessment.
Please note this is a preliminary assessment based on partial data. For a more accurate and detailed analysis, a statistical model or machine learning algorithm should be used alongside a more extensive dataset.
![IMP Exchange Rate Sees Volatility, Future Trends Unpredictable](http://currencymart.net/images/news/isle-of-man-pound/2024-05-13/img-FLgnbduXTPPlRMZ5KZUkaYxZ.webp)