2024-04-22 East Caribbean Dollar News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
The given data set represents the value of exchange rates from March 22, 2024, to April 19, 2024. During this period, the exchange rates seem to show an overall upward trend. On March 22, 2024, the exchange rate sits at 0.50186, which gradually rises to about a peak of 0.51001 on April 12, and then slightly decreases, fluctuating around 0.508 - 0.509 towards the end of the given period. Therefore, one can observe a general trend of increasing rates over this time period with some degree of fluctuation.
Seasonality and Recurring Patterns
With regard to seasonality and recurring patterns, the granularity of the data—multiple readings per day—can be used to determine patterns over the course of a day. However, based on the provided data, any declared intra-day pattern would not be accurate as the given timestamp intervals are not consistent(i.e., they are not hourly or bi-hourly). Hence, without a specific pattern in the timestamp, it's hard to comment on time-bound seasonality. Over the period under discussion, no clear, recurrent pattern emerges in the exchange rate changes. The data would need to be viewed over a longer timeline to identify any possible seasonality.
Outliers Identification
As for outliers in the data, one key point that can be noticed is the sudden increase on April 10, the exchange rate jumped from 0.50189 to 0.50501 and continued to increase towards 0.50656 within the same day. This is by far the largest single increase within such a brief period observed over the whole dataset. Another instance of a notable shift is on April 16, where exchange rate jumped from 0.51058 to 0.51119, and continued rising to 0.5117 the same day. These jumps cause these points to stand out from the otherwise more gradual changes observed.