2024-05-01 Jersey Pound News
2024-04-30
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 Overall Trend
After evaluating the data, it is clear that the general trend featured progressive growth over the given period. It started at an exchange rate of 1.7043 and ended up at 1.71651, demonstrating an upward trajectory. However, while the general trend is upwards, the rates have seen minor fluctuations throughout the period, as is common with foreign exchange rates due to market volatility and various economic factors.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, it is difficult to draw definitive conclusions from the dataset provided due to its limited scope. However, there appears to be no obvious seasonal pattern over the course of a single day (which appears to be the scope of the current dataset). Minor ebb and flow are noted probably due to market volatility and possible impacts of daily economic events, but nothing distinctively seasonal.
Outliers in the Data
- The largest leap in the exchange rate appears to be occurring around 07:40:02 timestamp, where the exchange rate jumped from 1.70362 to 1.70942. This change implies a significant event in the market around this time.
- Similarly, there was another strong increment in the rates between 08:00:04 and 08:15:02, jumping from 1.71089 to 1.71212.
- A notable outlier is the dip that occurred around 07:30:03, where the exchange rate dropped to its lowest point of 1.70362 through the day's record.
However, it is essential to contextualize and remember that determining outliers in financial time-series data isn't as straightforward as it is in other datasets because financial data is often noisy. What may seem like an outlier could be a natural part of the financial trend, and vice versa.