2024-05-21 Swedish Krona News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-20
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
After analyzing the given time-series financial data, we can conclude that there's a slight increasing trend in the SEK exchange rates from 0.12706 to 0.12755 over the period from 2024-05-20 00:00:02 to 2024-05-20 23:55:02.
Seasonality and Recurring Patterns
While analyzing the data patterns, it's hard to identify any obvious seasonality or recurring pattern in the changes of exchange rates. The pattern appears somewhat random within this short period of time and no discernible recurring on an hourly/daily basis can be identified clearly. However, a more detailed or more extended analysis may reveal seasonal fluctuations not obvious in this dataset.
Outliers Analysis
Regarding the outliers, fluctuations in the exchange rate are relatively small over the provided timeline. The exchange rate appears to stay within a very narrow range without significant spikes or drops. Hence, it's challenging to identify any outliers from the provided dataset. However, the noticeable peak value that stands out from the dataset is at 2024-05-20 16:45:03 with a rate of 0.12763, which is considerably higher than most of the other rates.
Do keep in mind that all findings are based exclusively on the provided data, without considering any external events or factors that often have a significant impact on exchange rates.
![SEK Exchange Rate Shows Upward Trend Amid Market Volatility](http://currencymart.net/images/news/swedish-krona/2024-05-21/img-5ArchWmIkq9zhBOEuuC4VZUc.webp)