2024-05-20 Swiss Franc News
2024-05-19
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
Analysis of Exchange RatesUnderstanding the trend of the Exchange Rates
The exchange rates show a slight decreasing trend throughout the period in the dataset, starting at a rate of 1.5148 and ending at a rate of 1.49847. The rates have experienced fluctuations along this period, but the general trajectory seems to be declining at a slow pace. This is seen as a downward slope when the exchange rates are plotted across their respective timestamps. However, it's important to note that the trend does not indicate a sharp decrease, and the rates have remained somewhat stable with minor fluctuations. This stability indicates a well-maintained financial market during the period analyzed.
Seasonality or Recurring Patterns
Given the time-series nature of the data, there does not appear to be a clear phase of seasonality within the dataset. The data does not show any clear repeating patterns that could point towards a seasonal activity. While there are fluctuations that appear to be periodical, they do not follow a consistent cycle, indicating a lack of strong seasonality in the dataset. However, it should be noted that the absence of seasonality in this dataset does not mean the exchange rate changes are random or without influencing factors — numerous variables can influence exchange rate changes.
Outliers
Upon analysis, a few potential outliers were found, which could be due to unexpected changes in the market or anomalies in data recording. These outliers should be further investigated to accurately identify their causes. They represent instances where the exchange rate has changed significantly from its previous value, differing from the generally observed pattern. However, these outliers are not frequent, and the data generally follows a slightly downward trend.
A deeper understanding of market conditions, economic policies, and other influencing factors during the period of these outliers might shed light on the reasons for these drastic changes in the exchange rates.
Finding these outliers and understanding why they have occurred can provide valuable insights into the type of factors that can have significant unexpected impacts on the exchange rates. However, given the aim is not to forecast future rates, these insights are more for understanding the nature of the market than they are for predicting future behaviour.
