2024-05-15 Norwegian Krone News
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 of Exchange Rates
The overall exchange rates trend had small fluctuations. The range of the exchange rate falls between approximately 0.126 and 0.127. In most of the times, the exchange rate demonstrates a tendency to revert to the mean, which indicates a consistently stable market during this period.
Identifying Patterns and Seasonality
Upon evaluation, it appears there is no clear evidence of strong seasonality or recurring patterns. The dataset provided is relatively small, and it only covers a span of a day, which makes it difficult to assert any noticeable pattern or seasonal effect. Yet, by observing exchange rates at different times (timestamps), there are no sharp deviations, which affirms the stability of the currency market.
Outliers and Significant Rate Changes
We can't seriously talk about outliers in this dataset. The performances seem pretty tight, and we are not witnessing unpredictable spikes. All rate changes occur within a consistent range, without deviations considerable enough to be classified as outliers. This may further indicate a more stable and predictable forex market for the day.
In conclusion, this dataset demonstrates a relatively stable market with minor exchange rate fluctuations. It tends to revert to the mean and as such, it does not exhibit a clear upward or downward trend. Although within a short range, the data remains relatively constant, suggesting a balance between the forces of supply and demand during this reviewed period.
