2024-04-29 Swiss Franc News
2024-04-28
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
Based on the given dataset, it can be observed that there is a fluctuation in the CHF exchange rates from 2024-03-29 to 2024-04-26. The exchange rate begins at 1.50143, reaches a peak level of 1.52366 on 2024-04-18 22:00:02, then eventually drops to 1.49509 by the end of the period on 2024-04-26 14:00:01. There is no clearly linear trend, and the movements of the exchange rate appear to be heavily influenced by volatility. Therefore, it is hard to support a claim that rates consistently increase, decrease, or remain stable over this time period. Instead, the rates appear to fluctuate in response to various short-term factors.
Identifying Seasonality or Recurring Patterns
Looking at the CHF exchange rates throughout the days and weeks in our dataset, there doesn't seem to be a clear-cut seasonal or recurring pattern. Given the short time window of one month, weekly or daily seasonality are difficult to detect without further context or larger datasets. However, it should be noted that financial market trends, including CHF exchange rates, are notoriously complex due to their non-linear and non-stationary properties. To detect patterns and seasonality, more sophisticated modeling techniques or longer-term data may be required.
Noting Outliers
Notable spikes in the exchange rate value are considered as outliers in this dataset. One such event occurred on 2024-04-18 22:00:02 when the exchange rate rose to its peak value of 1.52366. This significant increase in exchange rate is much higher compared to the rates before and after this point, making it a clear outlier within this dataset. It's important to consider such outliers in any further analysis as they can have a disproportionate effect on the results.
The identification of outliers can provide valuable insights into episodes of extreme market volatility. However, they should be interpreted with caution, as they could be influenced by numerous factors such as international economic events, geopolitical issues, or macroeconomic announcements.
Please note that this is a high-level overview of the CHF exchange rate's behavior over a specific period. For a deeper understanding, a more detailed analysis should be conducted, possibly involving more advanced statistical or machine learning techniques.