Subtle yet Persistent Changes in DOP Exchange Rates Noticed Over 24Hour Span
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2024-05-08
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 the exchange rates
Based on the data provided, the exchange rate of DOP has shown minor fluctuations throughout the given timeframe. Notably, it appears to be showing a slight but reasonably stable trend. The data oscillates primarily between 0.02363 and 0.02371, which indicates a relative level of stability in the exchange rate throughout the period.
Identifying any seasonality or recurring patterns in the changes of exchange rates
Upon examination, we can observe that the exchange rate doesn't demonstrate prominent seasonal or consistently recurring patterns within the given timeframe. It varies minutely around a somewhat stable mean value, with no sign of recurring cycles or patterns that could be attributed to specific times of the day/week. More granulated data for longer periods might be required to accurately identify seasonality trends if they exist.
Noting any outliers, or instances where the exchange rate differs significantly from what would be expected
No significant outliers were observed from the data presented. An outlier in a dataset would represent a significant deviation from the standard pattern. Given the exchange rate range presented in this data, which appears rather tight, all values lie within expected fluctuations and none stand out as a clear anomaly or outlier.
Please note that due to the time resolution and range of the data, very short term or minor fluctuations may not be evident, and long term trends, seasonality and outliers may not be definitive. A more accurate analysis could be achieved with additional data.
![Subtle yet Persistent Changes in DOP Exchange Rates Noticed Over 24-Hour Span](http://currencymart.net/images/news/dominican-peso/2024-05-09/img-fesomeNLLibBdHkVYjv99hGW.webp)