2024-05-07 Swiss Franc News
2024-05-06
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
Understanding the Overall Trend of the Exchange Rates
After examining the given dataset, the overall trend in the exchange rate between CHF seems to show a moderate volatility. The exchange rates over the given timestamps have seen a series of ups and downs but they've largely stayed between the range of 1.50635 to 1.51256. There are no clear long-term increasing or decreasing trends visible in this dataset, indicating a middling stability in the exchange rates over the period studied. However, this slight volatility is a typical characteristic of most financial markets.
Identifying Any Seasonality or Recurring Patterns
Time series data like this often exhibits seasonal patterns, especially on certain times of a day or specific days of a week due to the opening and closing of different global markets. However, given the timestamps only pertain to a single day, discerning a weekly seasonal pattern is not possible. In terms of daily seasonality, the provided dataset does not show a significant recurring pattern. However, this does not disregard the possibility of intraday patterns occurring at different intervals which may not be easily noticeable. It's crucial to remember that this analysis concerns just a single day's data, and patterns often become more evident over extended periods.
Outliers in the Exchange Rates
Outliers are individual values that deviate significantly from other observations. They may be due to variability in the data or potential measurement errors. In the given time series data, the lowest observed exchange rate is 1.50635 and the highest is 1.51256. Any significant deviation from this range could be considered an outlier. However, no such instances are observed in the given dataset. All the rates are present within this range, confirming a lack of any severe outliers in the data. Therefore, there are no significant errors or unexpected fluctuations on the day studied.