2024-04-26 Fiji Dollar News
2024-04-25
Summary of Yesterday
- 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
From the initial spot check of the dataset, the trend of FJD exchange rate during the time period illustrated in the dataset appears to have subtle fluctuations. The trend shows ebbs and flows, albeit within a relatively close price range, suggesting mildly oscillating exchange rate but with no obvious substantial increases or decreases over time. There is a general sense of stability in the data, but a more detailed analysis with graphic illustration would better confirm this.
2. Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, such patterns are typically more apparent in longer-term datasets (e.g. year-over-year) where potential influences of season-specific factors are more likely to emerge - for example, quarterly fiscal reports, annual economic changes, and alike. However, this specific dataset does not seem long enough to clearly highlight such seasonal effects. There may be short-term patterns recurring within the provided data, although further statistical analyses, such as auto-correlation functions, would be required to confidently identify any such intra-day or week-over-week patterns.
3. Outliers Identification
To identify outliers or significant differences in the exchange rate data, we would typically examine if there are any data points that deviate substantially from the mean or the established range of variability in the dataset. In this case, while some periods do show small notable fluctuations, no glaringly or significant outliers can be visibly detected based on the provided dataset.
Note
Realistically, exchange rates are frequently influenced by numerous factors beyond the scope of just the data provided in this dataset. While this analysis strictly adheres to the data provided and does not consider context-specific information such as market hours or financial news, please note that in reality such factors can and do significantly impact exchange rates. For a more holistic and accurate understanding of trends, patterns and outliers, such factors would typically be considered in a comprehensive exchange rate analysis.
