2024-04-23 Fiji Dollar News
2024-04-22
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
Understanding the Overall Trend
By looking at the given dataset, the overall trend of the Fiji Dollar (FJD) exchange rate seems relatively stable, fluctuating within a narrow range, which is approximately from 0.596 to 0.604. However, there is a noticeable drop at 15:40:02, 2024-04-22, when the rate decreased significantly to 0.596 from the previous rate of 0.60314.
Identifying Any Seasonality or Recurring Patterns
In terms of the recurring patterns, there isn't any clear, discernible seasonality present in the dataset. The fluctuations appear to be more random rather than following a cyclical pattern associated with specific times of the day or specific dates. However, a more detailed time-series analysis can be performed after splitting the data into smaller time intervals to better detect any possible seasonality or recurring patterns.
Noting any Outliers
There is one noticeable outlier in this dataset, represented by the significant drop in the exchange rate at 15:40:02, 2024-04-22, as mentioned earlier. This change deviates greatly from the rest of the data, as throughout the dataset, the exchange rate fluctuates within a relatively tight range, and such a sharp decrease is unique. This decrease could potentially indicate an irregular market event, or it could simply be due to data recording error. Unfortunately, based on the provided data, we cannot definitively determine the cause of this outlier.