Summary of Last Week
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
- Standard Deviation:
Overall Trend Analysis of the Exchange Rate
Upon observing the provided dataset, there doesn't seem to be a consistent trend in the exchange rate of JEP over the given period. The rate starts at 1.71063 and ends at 1.70732 but with lots of fluctuations in between. The highest value reached was 1.71557 and the lowest was 1.68956, indicating quite some variability. While there is no apparent escalating or deescalating linear trend, it's evident that the rates heavily fluctuated over time.
Seasonality or Recurring Patterns
Understanding seasonality in exchange rate time series data will require data for a more extended period than presented here. However, from the provided data, no explicit seasonal or recurring patterns can be discerned. Changes in the exchange rate appear to be more random and spiky, indicative of the inherent volatility of currency exchange rates.
Identification of Outliers
The identification of outliers in such a data set would typically require statistical analysis beyond mere observation. However, some potential outliers can be observed visually. For example, the lowest record of 1.68956 drops significantly compared to the neighboring data points, suggesting it could be an outlier. Another notable instance is when the rate reaches its peak at 1.71557, which is again significantly higher than the steady rates observed just before or after this peak. This deviation from the relatively stable pattern makes these points potential outliers./p>
To confirm if these or any other points are indeed outliers, advanced statistical analysis is needed using techniques like the Interquartile Range (IQR) or Z-score methods for outlier detection.
While other external factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports may indeed influence the exchange rates quite significantly, such an analysis is beyond the scope of the given dataset and requires cross-referencing with other sources of data.