2024-05-13 Swedish Krona News
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2024-05-12
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
Overall Trend of the Exchange Rates
Considering the data provided, the overall trend seems to be slightly decreasing over the time period represented. The highest exchange rate recorded is 0.12724 on 12th April 2024 and the lowest is 0.12486 on 30th April 2024. Given the highest and lowest points within those dates, it can be hypothesized that the exchange rate is trending down mainly, with some fluctuations. The start of the data set records a rate of 0.12703, while towards the end of the given timeline, the rate drops to 0.12628, further emphasizing the slight downtrend.
Seasonality or Recurring Patterns
Given the nature of the data, a clear pattern or seasonality may not be apparent immediately. This is due to the numerous influences that can affect a currency's exchange rate, making it difficult to predict with absolute certainty. However, it's observed that significant fluctuations within a day are minimal, suggesting potential intra-day stability.
Identification of Outliers
Most of the data points fluctuate moderately around their mean. Visualizing the data could help better identify whether there are any clear outliers. However, based on the numerical data provided, there doesn't seem to be extreme deviations from the mean value. This suggests a generally stable currency with no sudden dramatic increases or decreases within this observed period. Any such outlier could be a result of high impact financial news, geopolitical activities or major economic activities.
Please note, a more granular analysis would be needed to confirm the above assessments. It's also important to understand that the interpretation made here is from the provided statistical data which may not consider other external factors that could have influenced these exchanges rates.
![SEK portrays a slow declining trend from April to May](http://currencymart.net/images/news/swedish-krona/2024-05-13/img-5B10JKR2ZsbspZfQNvw35pmc.webp)