2024-04-30 Cayman Islands Dollar News
2024-04-29
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
Sure, I'll analyze the data set as requested. Here's an HTML formatted analysis based on the information provided:Overall Trend of Exchange Rates
Upon analyzing the provided data, there is a gradual increasing trend in exchange rates through the period shown. The trend highlights a subtle but noticeable ascent from an initial rate of 1.63449 to a final rate of 1.64155. It's vital to recognize that such trends can depend on numerous underlining factors contributing to market dynamics where these rates operate.
Seasonality or Recurring Patterns
To identify seasonality in the time series data, we typically look for regular and predictable patterns that recur every calendar year. Considering this dataset, it might be more appropriate to look for intraday patterns or trends. However, with the provided dataset, no prominent seasonality or distinct recurring patterns are observed. Although minor fluctuations can be seen throughout the data points, they do not seem to follow a consistent pattern which could be associated with a specific time frame. Hence, further data and insights could shed more light on this aspect.
Observations on Outliers
Outliers in a dataset are extreme values that deviate from other observations. In this context, they represent moments where the exchange rate significantly deviated from its usual range. Upon analyzing the dataset, instances of sudden jumps or drops in the exchange rate can be seen. Some notable points include the jump from 1.63625 to 1.63839 and a drop from 1.64067 to 1.63985. However, it is common for financial time series data like exchange rates to experience such ‘spikes’ due to market events or fluctuations in supply and demand.
Remember, these key features (trends, seasonality, and outliers) are based on historical data. They don't predict future movements but might help interpret the historical behavior of the exchange rates.