2024-05-21 Norwegian Krone News
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Given the vast amount of data of hourly timestamps and currency rates within a single day (2024-05-20), it's easier to draw some initial trends. The initial exchange rate at the start of day is observed to be approximately 0.12758. Over the day, the rates fluctuate, but the final obtained rate is around 0.12726. So there is a minute decline observed in the trend of the currency over this duration.
Seasonality or Recurring Patterns
Upon observation, it appears that there are recurring patterns in the changes of the exchange rates on a minutely basis. There seems to be slight decline in the rate towards the middle of the day (around 0.12743), following which the value slightly increases (around 0.12766), then it decreases thereafter towards the end of day. However, this needs to be verified with data over more days or using advanced statistical tests.
Outliers Analysis
In the given data, there doesn't appear to be any significant jumps or drops that would suggest outliers. The exchange rate seems to change gradually within a tight range throughout the day. The min value is 0.12714 and the max value is 0.12766, the difference is small for such a dataset. Therefore, it seems that there are no significant outliers within this given set of data.
Notes
- The data is considered without any external market factors.
- This analysis may not be situationally accurate as it does not take into account external influencing factors that could affect the behaviour of the market.
- A single day's data may not be sufficient to draw conclusive findings, these observations might need to be corroborated with more data.
