Analysis Swiss Franc Navigates a Day of Peaks and Valleys on Global Exchange Market
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2024-05-08
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 Exchange Rates
By analysing the entire dataset, we can conclude that there isn't really a clear overall trend. The value of currency appears to fluctuate somewhat but generally remains within a certain range. There are periods where the exchange rate rises and also periods where it falls. The smallest exchange rate in the data appears to be approximately 1.510, and the largest exchange rate approximately 1.514. The lack of a clear, definable trend indicates that the market is relatively stable with no drastic increases or decreases within the time frame considered.
Seasonality or Recurring Patterns
Looking for patterns in this dataset is a bit challenging considering the short timeframe and the absence of more categorical values like weekdays, weekends or specific months. Based on this limitation, no clear seasonality or recurring patterns can be identified from the given dataset. However, it should be noted that financial markets often exhibit daily patterns due to factors such as market opening/closing times and scheduled releases of financial reports. It's recommended to expand the period of observation or include categorical timestamp data for more precise pattern identification in future analyses.
Outliers in the Exchange Rate
Within the dataset, there are no significant outliers or instances where the exchange rate deviates greatly from its average value. The highest and lowest values are not significantly different from the mean, indicating a relatively stable currency exchange rate. However, again it is worth noting that outlier identification could be affected by the limited timeframe of the data.
![Analysis: Swiss Franc Navigates a Day of Peaks and Valleys on Global Exchange Market](http://currencymart.net/images/news/swiss-franc/2024-05-09/img-5pLTwurjmbVNjGsvA1R5RrdA.webp)