2024-05-21 Dominican Peso News
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
An initial look at the provided data shows that the exchange rates of DOP have remained relatively stable throughout the period under consideration. The rate mainly fluctuates around 0.0233, 0.0232, 0.0231, and towards the end of the period it has slightly decreased to around 0.02329. However, considering the small magnitude of these fluctuations, the overall trend of the exchange rate could be considered relatively steady.
Seasonality and Recurring Patterns
By analyzing time-series data, one would generally look for patterns occurring at regular intervals, such as daily or monthly. However, within the provided dataset, no distinct seasonality or recurring pattern is immediately obvious. The exchange rate does not show any fixed pattern of rising or falling at regular intervals, neither daily nor monthly. Indeed, the overall stability of the exchange rate suggests a lack of strong cyclical pattern over the course of the time period given.
Outliers
In a stable time-series such as this, any significant variation from the general trend could be considered an outlier. Looking at the series, the rate falls to its lowest value of 0.02318 at somewhere around 10:20:03 on 20th May 2024. Nonetheless, this deviation is again rather small and short-lived, returning to the normal range fairly quickly. Therefore, while this point does represent a minor deviation from the established trend, it would not likely be considered a significant outlier.
Overall, the provided dataset suggests a largely stable exchange rate, with no significant signs of seasonal patterns or notable outliers. This stability might be indicative of a controlled economic environment in which drastic changes in exchange rates are unlikely without some form of significant macroeconomic event. Furthermore, it may be helpful to identify if there are any patterns that occur on a more granular level (i.e. hourly) or if there are consistent changes that follow a particular event. However, as per the provided instructions, such factors have not been considered in this analysis.
