2024-05-01 Dominican Peso News
2024-04-30
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the DOP Exchange Rate Time Series Data
After analyzing the DOP exchange rate data given, the following assessments can be made:
1. Overall Trend of Exchange Rates
The overall trend of exchange rates from the data provided shows a general incremental increase over time. The exchange rate starts at 0.02338 on 2024-04-30 00:00:02 and ends at 0.0234 on 2024-04-30 23:55:02. The trend shows a mild fluctuation with a positive slope, indicating a slight increase in the exchange rate over these periods. This slight rise in the DOP exchange rate may be as a result of various factors which are not considered in this analysis.
2. Seasonality or Recurring Patterns
From the data provided, there's no distinct seasonality or recurring pattern in the exchange rate. It shows micro-fluctuations throughout the dataset but considering the small range of these fluctuations (0.02337 to 0.02356), this can be primarily attributed to the inherent volatility of exchange rates rather than a discernible seasonal pattern.
3. Outliers Identification
There were no significant outliers identified in the dataset. The exchange rate mostly remained within a narrow range of 0.02337 to 0.02356. This suggests that during this time period, there were no major events or disturbances that significantly impacted the rate outside this scope.
Finally, it is worth noting that while this analysis provides an overview of the DOP exchange rate trends, it is based purely on the data provided and does not consider broader market or economic factors that could potentially influence exchange rates.
