2024-05-22 Dominican Peso News
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2024-05-21
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
The overall trend in the exchange rates appears to be highly stable. The value hovers consistently around 0.0232, with only minute fluctuations that do not suggest a clear uptrend or downtrend. Consequently, the general trend can be considered horizontally flat, indicating stability in the currency's exchange rate over the time period provided.
Identifying Seasonality or Recurring Patterns
An initial visual inspection of the data does not suggest any obvious seasonality or cyclical patterns in the exchange rates. The values remain roughly around the same level throughout the day, and there is no evidence of consistent changes at specific times (hourly, daily, etc.). This may be more accurately assessed with statistical tests for seasonality, which may be able to detect subtle patterns not immediately obvious in the raw data.
Observing Outliers
Based on the values provided, there appear to be no outliers in the data. The exchange rates vary within a very narrow range, and there are no values that deviate significantly from the overall level of around 0.0232. Therefore, no unusual spikes or drops in the exchange rate, which deviate from the normal behavior and could indicate specific market events or turbulence, are observed.
Conclusion
Overall, the DOP exchange rates provided for this selected period appear very stable without any noticeable trends, seasonality, or outliers. It's remarkable to see such stability in a currency, which points to potentially low volatility for this period or effective regulation by central authorities. However, it's critical to remember that currency exchange rates are influenced by a multitude of factors — from macroeconomic indicators to geopolitical events — and this analysis only looks at the pure historical data without delving into these considerations.
![Continuous Stability Observed in the DOP Exchange Rates](http://currencymart.net/images/news/dominican-peso/2024-05-22/img-MWUQAQFkihAzNWGIulP3bQ5n.webp)