2024-04-26 Dominican Peso News
2024-04-25
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend of Exchange Rates
The overall trend of the exchange rate data points toward a slight decrease in the value of the exchange rates over the provided timeframe. The data shows that the exchange rate started at 0.02331 at the earliest recorded timestamp, and ultimately ended at 0.02325 - a small but apparent downward trend. It should be noted that while there were momentary increases in the value, the consistent trend has been a slow decay in the value.
Identifying Seasonality or Recurring Patterns
Upon analysis, there does not appear to be a significant seasonality or recurring pattern within the given dataset. The exchange rates change apparently randomly throughout different periods of the day. This pattern seems more reflective of typical market fluctuations rather than any distinct seasonality pattern being in play. Overall, the data does not exhibit consistent peaks and troughs at regular intervals that would suggest a seasonal effect.
Noting Any Outliers
The data does not show any significant outliers — instances where the exchange rate differs significantly from what would be expected based on the trend. There is minimal fluctuation in the rates throughout the entire dataset, and no singular data point jumps out as significantly deviating from the trend. These observations suggest that the given time period was relatively stable in terms of exchange rates, with no sharp increases or decreases disrupting the overall downward trend.""
Consideration of External Factors
As per your instructions, external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not factored into this analysis. However, it is worth noting that such factors could potentially have a significant impact on exchange rates, and considering them could add further depth and accuracy to this analysis.