2024-04-26 Swiss Franc News
2024-04-25
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. Understanding the Trend of Exchange Rates
Based on the given data, a careful review indicates that the overall trend of the exchange rates tends to fluctuate across the timeline. However, it is crucial to point out that the oscillations are marginal. Although at some points, the exchange rate increases, there are times where the exchange rate decreases, which makes it hard to affirm definitively that it is either increasing or decreasing. The absence of a defined trajectory suggests that the exchange rate remains relatively stable over the given period.
2. Identifying Seasonality or Recurring Patterns
A deep analysis of the given dataset doesn't show any clear seasonal or recurring pattern for the exchange rate. It seems to vary at different points, not repetitively in a particular manner that can be construed as a repeating or cyclic pattern. It is often the case with financial data that the absence of a visible pattern affirms the efficient market hypothesis, which suggests that financial markets are 'informationally efficient' and thus predictable patterns are often not discernible.
3. Outliers in the DataSet
The dataset does not show any significant outliers or instances where the exchange rates differed significantly from the general trend. This implies that changes in the exchange rate were relatively smooth and consistent, without abrupt jumps or drops. It reflects a level of stability in the exchange rate during this period.