2024-03-12 Fiji Dollar News
2024-04-23
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.