2024-05-07 Saint Helena Pound News
2024-05-06
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
Initial Data Review
Upon conducting an initial review of the data provided, it appears that the dataset spans the full daily time period for a single date (2024-05-06). The exchange rate values range from around 1.08044 to around 1.08345 over the course of the day.
Overall Trend of Exchange Rates
The overall trend for this dataset is generally unstable with fluctuations in both directions. Starting at an exchange rate of around 1.083 in the initial hours, the rate witnesses a gradual decline to reach a lower point of around 1.08044 later in the day. This is followed by some increases and decreases within smaller time frames but there’s a noticeable increase towards the end of the date reaching up to the region of 1.083.
Seasonality and Recurring Patterns
Given the short interval of data – a daily range, it's difficult to conclusively draw any evidence of seasonality or recurring patterns from this dataset. Further analysis of more extended and multiple time-series datasets would provide a more solid foundation for identifying any trading seasonality or recurring patterns.
Notable Outliers in the Data
An outlier in this context refers to an exchange rate that significantly deviates from prior rates in an unexpected way. By looking at the data, there are very few moments where these unexpected big shifts occur. The most pronounced ones would likely be the sharp drop from 1.08345 to 1.0823 around the early times of the dataset, as well as the noticeable rise at the end of the day.
In conclusion, this single-day snapshot of exchange rate data provides limited insights and conclusions. A broader dataset that spans over a longer period would enable more extensive analysis and potentially reveal additional trends, patterns, and outliers.