2024-04-29 Saint Helena Pound 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
The analysis of the provided financial time series data has resulted in the following observations:
Trend in the Exchange Rates
The datasets show that the exchange rate fluctuates over the given period. There is no clear linear trend seen where the rates are consistently increasing or decreasing. There seem to be periods of relative stability interspersed with periods of fluctuation. The overall pattern can be seen as a random walk, where each change in the exchange rate is seemingly independent of the last.
Seasonality in the Data
The dataset under consideration does not exhibit strong daily or weekly seasonality. The exchange rates do not show patterns of regular and predictable change which recur every calendar year. However, it should be noted that thorough seasonal analysis might require data for longer spans such as years to determine annual seasonal patterns, if any exist.
Outliers in the Data
There were observed several data points where the exchange rates differed significantly compared to surrounding data points. Some of these can be attributed to sudden increases or decreases over a short period. This could be due to many factors including changes in demand and supply, interest rates, inflation, and geopolitical events. However, without specific events or external factors to correlate with these outliers, they appear random and unpredictable based on the given data.
Note
The analysis performed above is a descriptive analysis based on the available time series data. It provides insights about the trend and fluctuations in the exchange rates over the given period but does not provide any predictive insight. Predictive analyses, while not requested, would use additional techniques to generate forecasts around future exchange rates based on past behaviour.
Moreover, even though a certain pattern or behaviour can be observed in past data, financial markets, foreign exchange included, are influenced by a host of factors—the interplay of which can be complex and change over time. Hence the assumption that future patterns will mirror past behaviour should be treated with caution.
