2024-05-21 East Caribbean Dollar News
2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Analysis
The data shows a general upward trend in the XCD exchange rate over the given period. The rate starts on 2024-05-20 00:00:02 at 0.50332, and by the last time point on 2024-05-20 23:55:02, it has risen to 0.50469. However, within this overall upward pattern, there are numerous fluctuations of varying magnitudes.
2. Seasonality and Recurring Patterns
Upon reviewing the data, it can be seen that there is no clear seasonality or recurring patterns in the exchange rates given the 1-day period. However, certain hours, particularly during afternoon and evening times, do appear to exhibit more variation in the exchange rates than others. More data spanning across multiple days or weeks may be required to identify specific patterns or cycles.
3. Identification of Outliers
Although the XCD exchange rate exhibits significant short-term variability, most of these changes seem to be part of the overall trend, and therefore do not qualify as statistical outliers. However, there are a few instances where the exchange rate changes noticeablely within a short span of one timestamp. Among them, the significant increase from 0.50425 (at 2024-05-20 20:35:03) to 0.50441 (at 2024-05-20 20:40:03), and from 0.50425 (at 2024-05-20 21:00:02) to a peak of 0.50484 (at 2024-05-20 21:15:03). Similarly, there's significant decrease from 0.50471 (at 2024-05-20 21:30:02) to 0.50463 (at 2024-05-20 21:35:02). These data points may warrant further investigation, but without information about their context, it's hard to make a definitive judgment about their status as outliers.
