2024-05-01 Norwegian Krone 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
Trend Analysis
By observing the NOK exchange rate data, it seems that there isn't a significant trend in the exchange rate's behavior. The exchange rate appears to oscillate around a mean figure, which suggests a stable exchange rate over time. It would still need more extensive computations and statistical analyses to validate this observation fully.
Seasonality and Recurring Patterns
The dataset comprises intraday data, which is not sufficient for observing seasonal or recurring patterns that might exist on a weekly, monthly, or yearly basis. However, from a daily perspective, we can see slight fluctuations, though nothing drastic, implying minor market volatility. A more noticeable pattern would require a longer-term dataset.
Outlier Observation
From the given data, no substantial spikes or drastic drops in the exchange rates were seen, indicating the absence of extreme outliers. The data seems to be quite consistent, with minor fluctuations throughout the day. However, the absence of conspicuous outliers doesn't necessarily mean their non-existence. Further statistical hijinks, like standard deviation or quartile analysis, would give a fuller picture of the distribution attributes.
External Factors
You specified that we must not consider external factors like market hours, weekends, holidays, or financial news. Understanding these nuances might bring substantial insights about spikes, drops, or market stagnation in different periods of the dataset provided.
Future Forecasting
As requested, we didn't create any forecasting models for future rates. It's worth recognizing that precise forecasting requires a more detailed analysis that includes historical patterns, trend decomposition, seasonality modeling, and potentially the use of complex machine learning algorithms.
