2024-05-16 Swiss Franc News
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2024-05-15
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 Analysis
Over the data period provided, the CHF exchange rate exhibits a generally increasing trend. Starting at an exchange rate value of 1.50595, the rate ends at 1.51155, showing a marginal increase over this period. However, the exchange rate is certainly not strictly increasing, with fluctuation and periods of decrease evident throughout the dataset. The modest overall increase should not be interpreted too strongly without consideration of wider economic context and other influential factors.
Seasonality and Pattern Identification
Any regular, recurring patterns in the data would be indicative of seasonality. Without complimentary temporal data (i.e. weekday/weekend, month or year identification), identifying seasonality trends is challenging. However, certain repetitive fluctuations may serve as evidence of potential daily patterns. Checking more granular or additional data (like data for particular day of week or month) might reveal more about any seasonality trend.
Outliers Identification
Outliers in this context would be instances where the exchange rate diverges significantly from the established trend. There appear to be few, if any, significant outliers in this data series. The exchange rate consistently remains within a relatively narrow range, with no values deviating substantially from this band. Thus, this indicates that throughout this period, the exchange rate remained relatively stable and predictable, without any significant unexpected jumps or falls.
Conclusion
To summarize, the given period reveals a gentle upward trend in the CHF exchange rate, but this trend is not consistent and the exchange rate fluctuates within a limited range. No clearly identifiable seasonal patterns can be established from this data, although further, more specific data might reveal these. The data does not seem to contain any significant outliers, suggesting a period of relative stability in the CHF exchange rate.
![F Sees Significant Rdies Amidst Fluctuations in May 2024
The past month has revealed a notable elevation in the exchange rates of the Swiss Franc (CHF) which might be signaling towards a broader shift in the financial markets. An analysis and probe into historical records reveal a dynamic June ahead, suggesting critical effects on markets across the globe.
Starting at 1.50595 at the beginning of the day of May 15, 2024, the CHF saw a turbulent trading window with rates oscillating heavily before closing the day at 1.51155. Analysts argue that this pattern is reflective of unstable financial markets due to geopolitical factors that continue to ripple through economies.
The climb wasn](http://currencymart.net/images/news/swiss-franc/2024-05-16/img-YOJVlXMAXjLzxOUZdsxWqOKm.webp)