2024-04-16 Cayman Islands Dollar News
2024-04-15
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend of the Exchange Rates
Based on a thorough analysis of the dataset provided, the KYD exchange rates change from 1.65095 to 1.64976 during the observed period. This shows a minor negative trend overall, implying that the exchange rate generally decreased slightly for the time period in question.
2. Identifying Seasonality or Recurring Patterns
Identifying a clear seasonality or recurring pattern in financial time-series data like exchange rates can be quite complex due to the influence of many simultaneous factors. However, on this analysis, it doesn't seem to be a strong recurring daily pattern in the exchange rate change. While there are up and down fluctuations throughout the period, these do not appear to follow a consistent or repeating pattern.
3. Outliers and Unusual Instances
There are several data points in the dataset that may be considered outliers, where the exchange rate differed significantly from the surrounding data points. One example is the significant drop at 2024-04-25 20:05:03 where there's a sudden drop from 1.6561 to 1.64909, indicating a drastic shift. However, given this is financial data, abrupt changes could be due to various market conditions, geopolitical events, or economic news releases and would require more detailed analysis.
Note that all points mentioned are based on the dataset provided and no external factors (like market opening and closing hours, weekends/holidays, financial news, or reports) were considered in this analysis.