2024-04-29 Norwegian Krone News
2024-04-28
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
In analyzing this given dataset, here are the insights that I have gleaned.1. Understanding the Overall Trend of the Exchange Rates
Based on the given data, it appears that the exchange rate fluctuates within a relatively narrow range over the assessed period. The rates seem to exhibit a general increasing trend from approximately 0.12462 to 0.12746, followed by a decreasing trend towards the 0.12389 range. The data does not show a constant rate at any specific range, suggesting a dynamic market with frequent rate adjustments.
2. Identifying any Seasonality or Recurring Patterns
Given the high-frequency nature of the data, it can be challenging to discern definitive patterns. However, it does seem like there may be some daily reoccurring fluctuation, as seen in jumps and dips in the rates throughout the day. Over a broader time frame, a possible weekly cycle may be manifested, with subtle peaks and valleys. Without further data, it is difficult to decisively confirm this observation though. The micro-decrements and increments could be due to the market's reaction to several internal and external factors.
3. Noting Any Outliers
From an overall examination of the data, there don't appear to be any obvious outliers, the rate seems to remain within a confined range. However, a more accurate identification would need a statistical analysis that is beyond the capabilities of this manual analysis.
Keep in mind that this analysis doesn't take into account factors such as market opening/closing hours, weekends/holidays or the release of key financial news and reports. Including these in the analysis might provide more contextual insights and may change the drawn conclusions.
