2024-04-22 Fiji Dollar News
2024-04-21
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Analysis of the Overall Trend of Exchange Rates
Starting from March 22, 2024, the exchange rate seems to generally fluctuate around 0.6. The lowest exchange rate observed is roughly around 0.595, and the highest is around 0.607. It is important to note that the dataset does not seem to exhibit a clear increasing or decreasing trend. The fluctuations remain within a relatively narrow band. Therefore, the exchange rate can be said to be generally stable over this period.
2. Identification of Seasonality or Recurring Patterns
Due to the limitation in the period of the data provided (from March 22 to April 19, 2024), there is insufficient data to identify any seasonal pattern in the changes of the exchange rates at an annual level. However, a deeper investigation into hourly or daily patterns requires more sophisticated time-series analysis methods which is beyond the current scope of the request.
3. Noting any Outliers
Regarding outliers, the dataset does not reveal any significant abnormalities in the exchange rates. There are several spikes or drops in the exchange rates, but subsequent data points tend to revert to the mean. Therefore, these could be potential outliers. However, in financial time series such as exchange rates, such fluctuations can also be part of the normal market behavior.
In summary, the major takeaway from the provided dataset is that the exchange rate has remained typically around 0.60 over the course of one month, with usual market fluctuations, but without any clear trend or seasonality. To get more meaningful results, a dataset covering a longer period and external factors could be integrated into the analysis if desired.