2024-05-03 East Caribbean Dollar News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend in Exchange Rates
Analyzing the time series data, there's no clear trend towards a general increase or decrease for the exchange rates throughout the day. Instead, there is a certain level of fluctuation occurring during different intervals. This suggests that the rate doesn't remain completely steady, but alternates between periods of minor dips and rises. Over the majority of the time, the rates fluctuate between 0.505 and 0.508 approximately.
Seasonality and Recurring Patterns
Identifying seasonality or recurring patterns in time-series data can help predict future fluctuations. In this case, however, no strong identifiable pattern emerges from this dataset. Exchange rates change throughout the data's period, but these changes don't correlate to specific times consistently enough to uphold a clear or predictable pattern. Given that the range of changes is relatively small, the rate tends to hover around an approximate mean value, with deviations being more erratic than recurring.
Outliers Analysis
An outlier in a distribution is a number that is distant from other numbers. In this dataset, there do not appear to be significant outliers. Most exchange rates fall within a fairly small range of values. This suggests that although there is fluctuation, it's within a spectrum and there aren't large spikes or drops, indicating some degree of stability. Anomalies, where the rate deviates significantly from the apparent central trend, aren't evident from this data.