2024-04-18 Swiss Franc News

Summary of Yesterday

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  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
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  • Difference of Daily High & Low:

Statistical Measures

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Trend

Overall Trend Analysis

Looking at the overall trend of the CHF exchange rate, there is not a continuous increase or decrease in the rate over the given period. The exchange rate starts at 1.51491 at the beginning of the period and ends at 1.51124 at the end of the period. There is a fluctuation in exchange rate though, with the rate rising to a peak of 1.51773 and falling to a minimum of 1.51107 within the given timeframe.

Seasonality And Recurring Pattern Analysis

An hourly examination of the data does not reveal any distinct patterns or noticeable seasonal effect. CHF exchange rate experiences routine fluctuation within the provided timeframe. However, because the provided time series data is limited to a single day, it's difficult to observe any weekly or monthly seasonal patterns.

Outliers Analysis

Maximum and minimum values recorded for the day were 1.51773 and 1.51107 respectively. These values do not seem to represent significant outliers, as they are not significantly shifted from the general trend. However, without further context or statistical tests, we cannot definitively determine if there are any outliers. As the data fluctuates within a small range, visible outliers, or instances where the exchange rate differs significantly from the expected trend, do not appear to exist in this dataset.

In conclusion, the CHF exchange rate data provided displays a relatively stable trend, with regular fluctuations within a narrow range. There are no strong indicators of seasonality within a day and potential outliers are difficult to determine without further context or analysis.

out the Day The consistently fluctuating trend of the Swiss Franc (CHF) exchange rate has been under observation over recent hours. The CHF has shown peculiar change throughout a single day, depicting an erratic but incremental pattern in its trends. On April 17, 2024, the CHF experienced multiple high and low tides, swinging between 1.51114 and 1.51785. The data reflected showed the currency''s resilience in the face of fluctuating market conditions. This underlines the magnitude of the challenge for traders attempting to predict and tap into beneficial exchange opportunities in real-time. The day began with CHF at an exchange rate of 1.51491. The first significant increase was noted at 01:55:02, as the CHF soared to an impressive 1.51671. The currency then treaded on the upper end of its course, reaching the day''s zenith of 1.51785 at 03:55:02. This marked the highest exchange value throughout the day, suggesting a potential sell-off point for active traders operating in this time zone. After cresting its peak, the Swiss Franc began to descend in value, landing at a modest 1.51227 at 18:30:03, only to make a slight recovery towards the later hours. The lowest fall came later that night at 23:30:02, where CHF slightly hit 1.51121 before recouping to 1.51124 by the day''s end. Such constant fluctuation highlights the volatile nature of the FX market, where currencies jostle in light of socio-economic factors ranging from statistical news releases to geopolitical events. Traders and investors willing to brave these choppy waters stand to gain through vigilant oversight and strategic planning focused on timing their positions. The Swiss Franc''s journey on April 17th adds valuable insight into the varied factors affecting currency stability, further emphasizing the implications of time-zoned trading. It highlights how investors need to account for global market operations in differing time zones. The understanding of these dynamics is essential in driving successful FX strategies. In light of these findings, investors and traders are encouraged to keep an eye on similar fluctuating patterns in the future. The insight gained from this day''s observation provides a critical stepping stone for both institutional and retail investors to fine-tune their observation, strategize their trades, and maximize their potential gains. Moving forward, traders should maintain a vigilant eye on such microtrends to navigate the ever-changing foreign exchange market successfully. As demonstrated by the CHF''s path on April 17th, 2024, market situations can change swiftly, and tides can turn within a matter of minutes, demonstrating the relentless volatility of the FX market.Examining The Constant Flux of CHF Exchange Rate Throughout the Day

Current Middle Market Exchange Rate

For information purposes only.