Summary of Yesterday
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Overall Trend in The Exchange Rates
There is a very minimal upward trend in the exchange rates. The data starts at a rate of 0.0087, and it stays predominantly constant for a long time before beginning to move in the range of 0.0087 to 0.00871. After that, there is a slight decrease to 0.00869 and further to 0.00868. However, the rate eventually returns to 0.00869. Therefore, although the fluctuation is minimal, we can generally see an extremely mild increasing trend in the exchange rates over the period.
Seasonality or Recurring Patterns in The Changes of Exchange Rates
As exchange rates typically respond to a variety of factors including economic conditions, monetary policy, and investor sentiment, among other things, it's common to see some degree of volatility. However, based on the provided data, no significant seasonality or recurring patterns can be identified. The rates mostly remain stable and accommodate only minor fluctuations throughout the period.
Outliers in The Exchange Rates
Given the minimal variation in the given exchange rates, it is challenging to identify clear outliers – the instances in which the exchange rate differs significantly from what would be expected based on the trend or seasonality. There are some points where the rate decreases to 0.00868, but it again quickly returns to the usual range, making these instances negligible rather than being outliers.
To sum up, the exchange rates of JMD portrayed in the dataset showed a very minimal upward trend throughout the period, with only minor fluctuations and no significant seasonality or recurring patterns. It further lacks any notable outliers. A comprehensive examination with a broader dataset and additional financial parameters, such as inflation rates, GDP growth, market indices, among others, may provide wider insights into the currency's performance.