2024-05-15 Cayman Islands Dollar News
2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis of the Exchange Rates
The data points seem to be fluctuating around a particular value rather than a constant increase or decrease. This suggests that the general trend is a strong, stable range. However, the exchange rate does have slight fluctuations, but there does not seem to be a definite upward or downward trajectory. This can suggest that the currency is stable. Nevertheless, further analysis and more data will give a stronger understanding of the direction.
Seasonality and Recurring Patterns
In terms of the recurring pattern and seasonality, there doesn't seem to be an obvious pattern at first glance. However, regular intervals of increased or decreased exchange rates might be noted if the data is closely examined. For instance, the exchange rate might slightly increase or decrease during certain hours of the day. But the deviations don't seem to be significantly high for a strict seasonal pattern. However, a more detailed statistical analysis can uncover minor patterns if they exist.
Outliers Analysis
In a quick scan through the dataset, there doesn't seem to be a presence of significant outliers– data points that lie an abnormal distance from other values. Most of the values seem to be in a similar range with minor deviations. Perhaps a statistical outlier detection technique could bring out minimal anomalies, but at a high level, the dataset does not carry significant outliers.
While this analysis provides an overall impression of the dataset, other factors such as market opening and closing times, weekends or holidays, key financial news, and reports can have major effects on the exchange rates beyond what the data currently shows.
