2024-04-26 Jersey Pound News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Given the lengthy and detailed nature of the time-series financial data you've shared, it's important to note that a more comprehensive and accurate analysis would usually involve complex financial tools and data manipulation software. However, based on a visual overview and review of the dataset, here are the main findings regarding the trends and patterns in the exchange rate:1. Overall Trend of Exchange Rates
The overall trend for the exchange rates seems to show a decrease from an initial value of 1.70547 to a final value of 1.70086. This indicates a net decrease in value over the time period covered by the data. However, this trend is not linear, and there are periods of both increases and decreases in the exchange rate throughout the dataset.
2. Seasonality in Exchange Rates
In terms of seasonal or recurring patterns, a more in-depth Fourier analysis or autocorrelation function would typically be needed. That said, based on the available data, it is difficult to make definitive conclusions about seasonality. The data provided largely covers a single continuous day, which limits our ability to confidently identify daily, weekly, or monthly seasonal patterns.
3. Outliers in Exchange Rates
Detecting outliers in this data is a challenging task without access to additional information. Extreme values in exchange rates can be driven by a multitude of factors, including significant geopolitical events, policy decisions by central banks, and major economic announcements. However, for this analysis, we identify outliers by simply looking for instances where the rates diverge significantly from the surrounding values. Based on that, it appears that the 'jump' around 07:30 could potentially be an outlier or unusual event, with the rate rising from 1.70418 to 1.7067, and later to 1.7099 by 08:15.
This assessment is a general overview based on the data provided and does not take into account potential external factors, specific events, or other relevant economic or financial indicators. It is always recommended to combine this analysis with your knowledge of the broader market context and actionable financial insights.
