Notable Shifts in SEK Exchange Rates Trigger Market Conversation
2024-04-25
Summary of Yesterday
- 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 overall trend in the exchange rates is showing slight fluctuation within a very narrow range. The rates have been oscillating between approximately 0.125 and 0.126 during the given period. However, the discrepancy does not indicate any significant upward or downward trend in general. This might be due to constant readjustments in the currency market to balance out demand and supply of SEK.
Analysis of Seasonality or Recurring Patterns
With respect to the given dataset, observing any seasonality or recurring pattern needs data over an extended period because exchange rates are impacted by numerous macroeconomic factors. However, based on the provided data, there is no evident seasonality or recurring pattern, but rather the exchange rates seem to be influenced by daily trading volumes and activities.
Outliers Identification
From the presented data, it does not appear to be significant outliers. Majority of the transactions are in a very close range band suggesting the market is in a state of equilibrium during the observed period. There are minor variations, however, these cannot be considered as outliers based on the given dataset, as the maximum fluctuation is within the expected range in the forex market.
Again, it's worth mentioning that this analysis is strictly limited to the provided data, and an in-depth analysis might yield different insights about the exchange rate trends, especially when considering longer periods or factoring in the influence of external events.