2024-03-12 Fiji Dollar News

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Data Loading and Initial Analysis

The provided dataset seems to be providing FJD (Fiji Dollar) exchange rate with respect to another currency at different timestamps (exact hour and minute). The data appears to span over a whole day on 23rd April 2024. The FJD exchange rate is recorded every few minutes, with some time gaps ranging between 5 mins to around 25 mins, which may probably be due to non-availability of data at specific timelines.

Trend Analysis

A quick scan of values indicates minimal fluctuations in the exchange rate throughout the day. From 0.596 at 00:00:02, it gradually increases to 0.59666 at 04:55:02, then declining to the day's minimum of 0.59439 at around 09:50:02. Further during the day, it reached a peak value of 0.60061 at 11:00:03, and finally closing at 0.59591 at 23:55:02. So there seems to be an initial increase, followed by a drop, a significant rise and then a decrease again.

Investigating Seasonality

As the data provided only covers a single day, it's difficult to attribute any specific patterns found as seasonality. Seasonal patterns typically occur when observations are made across multiple cycles, like several months or years. But within a day, we cannot definitively establish recurring patterns as 'seasonality'.

Outliers in the Data

Exchange rates typically fluctuate continuously, hence any prominent spike or sharp decline could be considered an anomaly or outlier. Although, there doesn't appear to be large variances within short time spans in this dataset. However, the sudden rise of the exchange rate to 0.60061 at 11:00:03 from 0.59505 at 10:50:03 can be considered as outlier as this seems to be a significant increase in a short span of 10 minutes. Also, the drop from 0.59989 at 14:10:03 to 0.59608 at 15:35:04 seems moderately abrupt.

Conclusion

The exchange rates in this dataset appear to be moderately volatile, exhibiting minor fluctuations throughout the day, with no clear seasonal patterns within the day. The dataset presents a mix of upward and downward trends across different timespans. Genuine outliers are relatively low in number, but do exist in the dataset. As requested, external factors like market opening/closing hours, weekends/holidays, or financial news have not been considered in this analysis.

t the Day In the early hours of March 11th, 2024, fresh figures indicate a series of intriguing fluctuations in the FJD exchange rate. The analysis of time-series data captured throughout the period elucidates the wavering nature of these exchange rate trends. The day opened on an inauspicious note. The FJD exchange rate initially stood at 0.60476, and by 01:30 it had dropped to 0.59885, marking the most significant fall during the initial trading hours. This shift represented a perceptible changing of the financial tides. However, the downward fluctuation wasn''t long-lived. The exchange rate eventually corrected itself, albeit gradually, throughout the morning. The rate remained below the opening value until the afternoon when the exchange rate saw a surge. Paradigm shifts occurred around the 14:45 timeframe when the FJD market saw a dramatic upturn, with the rate shooting up to 0.60484, a marked increase from the previous 0.59907. Importantly, this represented the peak rate for the entire day, setting the stage for future transactions. This peak led to a stable period where the rate held relatively steady in the vicinity of 0.604, with minor fluctuations reflecting the ebb and flow of the trading activity. Discrepancies were minor, rarely straying more than 0.0003 points away from 0.604 into the early evening. Eventual stabilization of the FJD rate had a significant impact on the financial markets owing to the uncertainty that persisted earlier in the day. It showed the market''s buoyancy to changes in the domestic and global economic environment, indicative of potential investors'' confidence. How these fluctuations have affected the general economic landscape are manifold; it highlights that the FJD market reacts promptly to both uplifts and downturns. The market''s readiness to recover, especially in the afternoon, demonstrates resilience and an ability to adapt to broader financial market trends. This fluctuation is expected to trigger investors and traders to adapt their investment strategies, focusing more on resilience and agility in their policies. Looking forward, while it remains challenging to predict the full impact of these changes, it certainly underscores the need for continuous monitoring of the FJD rate. This creates opportunities for future investments and the financial market, at large. In the short term, investors and stakeholders should remain vigilant to the rapidly changing market dynamics, while in the longer term, the macroeconomic implications could shape the FJD market and its resilience. This will enable a broader understanding of the triggers, spread, magnitude, and duration of such movements, shaping appropriate policy responses. Future trends and fluctuations in the FJD exchange rate shall undoubtedly remain a focal point for financial news in the coming weeks.FJD Exchange Experiences Fluctuating Movements Throughout the Day

Current Middle Market Exchange Rate

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