2024-04-19 East Caribbean Dollar News
2024-04-18
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend of the Exchange Rates
By observing the provided data, it seems that the exchange rate generally fluctuates within a fairly narrow range, with a low of around 0.50850 and a high of around 0.51076. It does not show a consistent increase or decrease over the period but rather suggests a somewhat stable exchange rate with minor fluctuations.
2. Seasonality or Recurring Patterns
Due to the minute-level frequency of the data, it can be challenging to identify seasonality in this context without further tools such as plot charts or frequency domain methods. However, it does appear that there are some periods of stability where the exchange rate remains consistent, followed by periods of more significant fluctuation. This could suggest a daily pattern but would require more in-depth analysis to confirm.
3. Identification of Outliers
Most of the data points lie within a very tight range, between around 0.5085 and 0.5107. Any data points outside this range could be considered as potential outliers. However, any identifying concrete outliers would require either plotting the data or applying a statistical outlier detection method, such as the Z-score method or the Interquartile Range (IQR) method.
Observing the data, there does not appear to be any drastic and sudden shifts in the exchange rate over the period, which could be identified as outliers. However, as the high and low values of the range only occur a few times, these could be considered as potential outliers.
Further Observations
Finally, it is important to note that while the overall trend appears to be relatively stable, this does not necessarily mean that the exchange rate is not affected by economic factors or market events. This analysis simply shows the movement of the exchange rate over the observed period in isolation from any such events. Incorporating this type of information would provide a more in-depth understanding of what influences the fluctuations in the exchange rate.
