2024-05-22 Swedish Krona News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-21
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 of the Exchange Rates
The overall trend appears to be relatively stable. The exchange rate fluctuates mildly around an average of 0.1276, without showing a clear upward or downward trend. Although slight variations are observable throughout the dataset, such changes do not demonstrate a consistent pattern revealing a strong upward or downward trend. There's a slight increase in the exchange rate around 04:00 to 05:20 but then it seems to stay relatively stable. There's also a minor decrease around late hours (around 21:00 to 23:00).
Seasonality or Recurring Patterns
In the provided time-series data, there does not appear to be any distinct seasonality or recurring pattern in the changes of exchange rates on a daily basis. As every financial market is unique and affected by a number of complex and often unpredictable factors, any potential pattern might not be easily discernible from such a limited dataset.
Outliers in the Dataset
There aren't significant outliers observed in this dataset. Most variances in the exchange rate are small and within a close range of values. The highest rate during this time period is 0.12798 whereas the lowest is 0.12749. Thus, the data does not present any significant deviation from the mean that could be classified as an outlier. The values most distant from the mean also do not seem to indicate an error or unusual circumstance.
![Gradual Climb Of SEK Exchange Rate Marks Bullish Trends](http://currencymart.net/images/news/swedish-krona/2024-05-22/img-GQScdcMoasTkMmWs1vFfBAtK.webp)