2024-04-17 Saint Helena Pound News
2024-04-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Upon analysis of the data, please find the following insights in the data covering the exchange rates:Overall Trend
The exchange rates provided in the data set appear to be fluctuating within a narrow range. The value does not show a distinct upward or downward trend over the duration. It opens at 1.09383, and the closing rate is 1.09394, showing a slight increase overall. However, this minuscule change does not clearly indicate a strong upward or downward trend.
Patterns and Seasonality
The time series data does not suggest any significant seasonal pattern. The exchange rate seems more likely to be influenced by short-term fluctuations as opposed to recurring seasonal changes. Since the data only covers one day, any inferences about possible hourly patterns would be speculative at best.
Outliers
There are no clear outliers in this data as the exchange rates fluctuate within a very limited range over the duration. The minimum value of the exchange rate over the duration is 1.0903, and the maximum value is 1.09578. With such a small range of fluctuation, there are no extreme outliers in this data.
Implications and Conclusions
This kind of data can be valuable in various ways. Even without significant trends, the ability to predict exchange rates, even short-term, can have substantial implications for trading and investment decisions. Understanding these patterns, as slight as they may be, can guide decision-making and strategy in financial investment situations.