2024-05-09 East Caribbean Dollar News
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2024-05-08
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 Overall Trend
The overall trend of the XCD exchange rate, based on the provided dataset, appears to be generally stable with minute fluctuations throughout the period under review. While there are minute rises and falls within short intervals, there is no significant upward or downward trend over a longer period. This suggests a relatively stable exchange rate over the period displayed in the dataset.
Identifying Seasonality or Recurring Patterns
Given the nature of the data, which spans just over a day, it is impossible to discern any seasonality or long-term recurring patterns with certainty. Nevertheless, upon inspecting the dataset, there do not appear to be any patterns or cyclical movements of notable significance that repeat at consistent intervals. The fluctuations seem largely random and do not display a clear or predictable cyclical pattern. To get a more exact answer, a dataset that spans a lengthier timeframe, perhaps spanning across months or years with a focus on specific timestamps, would be required.
Noting Outliers
Upon inspection of the dataset, there do not appear to be any significant outliers within the time frame provided. An outlier would typically manifest as a sharp and unexpected spike or drop, which would be significantly different from the previous and following data points. However, all the exchange rates in this dataset fluctuate within an extremely close range, indicating a stable exchange rate without prominent outliers.
Please note that this analysis is based purely on the dataset provided and does not consider external factors like market conditions, economic news, and so on. For a more thorough understanding of exchange rate movements, those elements must also be considered.
![Fluctuating XCD Exchange Rates Witness Upward Trend Over 24 Hours](http://currencymart.net/images/news/east-caribbean-dollar/2024-05-09/img-voNiy4gkZJ324bImxnq0c1ea.webp)