2024-04-29 Zloty 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
Data Understanding
The provided dataset is a time series data which records the exchange rate of PLN at specific timestamps. The dataset spans from 29th March 2024 to 26th April 2024. Without any consideration for external factors like market opening/closing hours, holidays/weekends or the release of any major financial news, a comprehensive analysis is conducted as per the given requirements.
Trend Analysis
The first step in the analysis is determining the general trend in the exchange rates. Looking at the series of exchange rates, the PLN exchange rate appears to somewhat increase during the period provided. Starting from an initial rate of around 0.339 on 29th March 2024, it fluctuates in the mid-to-upper 0.33s throughout the time period, reaching a rate of around 0.338 by 26th April 2024. There is not a clear, consistent upward or downward trend, but rather a series of fluctuations around the 0.33s level.
Seasonality Analysis
The dataset does not seem to show any obvious seasonality or recurring patterns in the exchange rates. This is expected as exchange rates are influenced by a variety of factors many of which are random and unpredictable. Also, the data provided only covers a span of about a month which may not be sufficient to detect seasonal patterns.
Outliers Analysis
Reviewing the dataset, no significant outliers were noted. There are fluctuations in the exchange rate, and some larger changes from one timestamp to the next, yet they do not seem to deviate significantly from the general trend of the data. Thus, it can be stated that there are no extreme values that could significantly skew the overall observation of this dataset.
Summary
- The PLN exchange rate reveals minor fluctuations over the observed period, with slight increase towards the end of the period.
- No noticeable patterns or seasonality could be detected from the dataset.
- No significant outliers were observed within this dataset.