2024-05-15 Dominican Peso News
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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
Understanding the Overall Trend of Exchange Rates
From the given dataset of the DOP's exchange rate measured at regular intervals, we can say that the data tends to gradually decrease over time, although the decrease is slight. It started at 0.02351 on 2024-05-14 00:00:02, with minor fluctuations up to 0.02352 on 2024-05-14 03:20:02. From there, it started a consistent decline, albeit with tiny increments, down to the lowest of 0.02331 on 2024-05-14 08:15:03. After that point, there was a gradual increase to 0.02342 (the highest point in the dataset) on 2024-05-14 12:15:03. It again followed a downwards trend, reaching 0.02336 on 2024-05-14 22:10:02 and maintained this level until the end of the dataset.
Identifying Seasonality or Recurring Patterns
Due to the limited nature of the dataset, it is challenging to determine any seasonality or recurring patterns in the exchange rates. This would typically require data from a longer time duration, encompassing several months or years, to detect any annual or recurring trends.
Noting Any Outliers
Throughout the entire dataset, there is no noticeable outlier or instances where the exchange rate differs significantly from the overall pattern of slight fluctuations. All changes occur within a narrow margin.
In conclusion, this analysis does not account for many external factors such as financial news, geopolitical events or market opening/closing hours that also could have substantial impacts on the exchange rates. Hence, the observations are strictly based on the data at hand.
![Minor Fluctuations Observed in DOP Exchange Rates Maintain Market Stability](http://currencymart.net/images/news/dominican-peso/2024-05-15/img-a9ZhVuCurqPOrKOzkaPnnwex.webp)