2024-04-23 Swedish Krona News
2024-04-22
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:
The data provided ranges over a day starting from midnight to near the end of the same day. Upon initial analysis, there are no drastic changes, indicating a somewhat stable trend in the exchange rates. The smallest recorded value is 0.12559 and the largest is 0.12603, which is a relatively small fluctuation for a day's trading. Despite very slight and small fluctuations throughout the day, the trend seems reasonably steady, without any significant upward or downward activity observed.
Seasonality and Recurring Patterns:
The nature of the timestamp spanning only over a day limits the ability to identify seasonality or recurring patterns. Seasonality often becomes visible over a longer period, usually several months or over a year. Nevertheless, during the day, it could be noted that the exchange rates experienced small peaks and troughs, suggesting the existence of intraday trends, although these changes are minimal. These could be attributable to activities in local and international markets, as exchange rates are influenced by a variety of micro and macroeconomic factors.
Outliers and Significant Variations:
In line with the previously mentioned trends, there are no prominent outliers or instances where the exchange rate departs significantly from the day's trend. The exchange rates operated within close boundaries, suggesting no sudden events that could have influenced demand or supply dynamics significantly within this day. However, without a deeper historical context or additional data on market conditions, the conclusion is based solely on the provided data.
Future analysis could benefit from assessing the data in terms of trading session hours, as the foreign exchange market operates 24 hours and different trading sessions (Asia, Europe, and America) could exhibit different volatility levels and trends. Furthermore, an extended timeframe could also reveal longer-term trends, seasonality, and potential cyclical patterns.
Keep in mind that this analysis is strictly quantitative and based on historical price development within a limited timeframe. Other qualitative factors, such as economic indicators, geopolitical events or monetary policy changes, commonly influencing exchange rates, were not taken into account.