2024-05-07 Swedish Krona 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
Overall Trend
The overall trend of the SEK exchange rates in the provided dataset seems to fluctuate. The data starts at a rate of 0.12644, reaching a low of 0.12616, and then climbing to a high of 0.12695. It then spirals down to 0.12642 by the end of the given timestamp. Despite the volatility, the prices don't seem to stray far from the initial mark, indicating a relatively stable trend with minor fluctuations throughout the monitored period.
Seasonality or Recurring Patterns
Given the data set's brief period (one day), there is limited scope to gauge seasonality or recurring patterns. However, the rates do seem to experience movement around certain hours of the day. Drops are often observed in the early morning hours (00:00 to 03:00), while the rates slowly pick up towards mid-day (11:00 to 14:00) before tapering off towards the evening. However, it is essential to collate data over a more extended period and conduct further analysis to confirm any seasonality or recurring daily patterns.
Outliers and Significant Differentials
There is no considerable outlier observed in the provided timeseries data. The exchanges rates remain roughly consistent throughout the period, with minor fluctuations. The data does not indicate any sudden, major peaks or troughs that might signal anomalies or unusual activities in the exchange rates.
Limitations of the Analysis
It should be noted that this analysis is purely based on the numerical data provided. I did not consider external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports, which can significantly impact the exchange rates. Additionally, as the dataset spans only one day, this limits the ability to identify long-term trends, seasonality, and recurrent patterns, which typically become more evident over vaguely longer periods.