2024-05-15 Swedish Krona News
2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Analysis :
Having analyzed the provided time-series data from 2024-05-14 00:00:02 to 2024-05-14 23:55:02, it was observed that the SEK exchange rate against a second currency (not specified) shows a general downward trend over the 24-hour period. The data begins with an exchange rate of 0.12607 and it ends with an exchange rate of 0.12633. It registered a temporary high of 0.12777 and low of 0.12567. More specifically, the exchange rate begins with a slow decline before experiencing a slight uptick to 0.12614 at around 00:55:02. It then continues falling until around 04:40:02 to its lowest point of 0.12567, then it rises until around 16:25:03 to its highest point at 0.12777. There is a dramatic fall at around 16:40:03 and the exchange rate stabilizes gradually and makes slight adjustments after that point. This information accounts for movement in the exchange rate over the course of a single day, which shows a type of microtrend and infers that on a day-to-day basis, there may be such fluctuations in SEK exchange rate. More data over a longer period is needed to deduce macro long-term trends.
2. Seasonality or Recurring Patterns :
Based on the data provided, which only covers a 24 hours interval, it's difficult to confidently deduce seasonality or recurring patterns. Usually, seasonal patterns can only be observed with data that covers multiple cycles - like quarterly data over several years. However, some intra-day trends can be inferred from the data: the exchange rate tends to decrease during the early hours of the day, increase in the middle hours, and then stabilize in the late hours of the day. Again, caution should be taken while interpreting these short-term trends as longer-term seasonality.
3. Outliers Identification :
There are a few notable outliers in this dataset. For example, the SEK exchange rate suddenly increases to 0.12766 at 16:20:02 and reached the peak at 0.12777 at 16:30:02. Just ten minutes later, it sharply drops to 0.12641 at 16:40:03 which deviates the normal trend and should be considered as outlier occurrences. Nonetheless, there might be certain market-specific reasons for these outliers, such as sharp changes in demand and supply, key financial news releases or other influential factors given that exchange rates are determined by the forex market. However, more data would be needed to confirm these instances as actual outliers as sometimes, what may appear as an outlier could just be a part of a longer-term trend or regular volatility in the data.