2024-05-15 Kina News
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2024-05-14
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
Upon analyzing the given time-series financial data, it appears that the exchange rates have somewhat a steady behavior during the period shown. There are some minor fluctuations indicative of the day-to-day volatility experienced in currency markets. The data points fluctuate between approximately 0.3527 and 0.3515, with no clear trend showing a general increase or decrease over the period.
Seasonality & Recurring Patterns
Given the granularity (every 5 minutes) and the limited range of data (less than 24 hours), proper seasonality or cyclical patterns might not be detected. However, there seems to be a trend where the exchange rate slightly drops in the early hours (around 06:00 to 08:00), recovers after that period, and then remains fairly stable for the rest of the time. More data, particularly covering more full day cycles, is needed to draw strong insights about daily seasonality or other recurring patterns.
Outliers
There are no significant outliers observed within the dataset. The changes in the exchange rate remain within a narrow band, and there is no instance where the exchange rate differs significantly from what could be expected based on the observable trend. While there are minimal fluctuations in the dataset, these are common in foreign exchange markets and do not represent true outliers.
It's important to note that this analysis is purely based on the provided data. It does not consider external factors such as market opening/closing hours, weekends/holidays, political climate, or the release of key financial news and reports that could have had an impact on these exchange rates over the period in question. Further, no extrapolation or forecasting has been done as per the provided instructions.
![PGK Exchange Rate Experiences A Roller Coaster in a Day](http://currencymart.net/images/news/kina/2024-05-15/img-kqtC8dB8ChgV4OVfJVY29JIs.webp)