2024-05-02 Fiji Dollar News
2024-05-01
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend of the Exchange Rates
At a first look at the data, a distinct general direction for the exchange rate isn't apparent, the rate appears to have remained reasonably steady over the period shown. On the whole, no decisive upward or downward trend is discernible. It suggests that the exchange rate has maintained a degree of stability over this period. However, a deeper statistical analysis would be needed to identify finer details.
Seasonality or Recurring Patterns
At a glance, the data doesn't appear to exhibit any clear repeatable patterns or seasonality. The rates fluctuate but do not show any clear time-based or cyclical pattern. Again, more extensive statistical analysis, such as autocorrelation, could unearth possible hidden seasonality.
Outliers in the Exchange Rates
There appear to be a few values that are significantly higher or lower than the overall average. For example, the rate goes as high as 0.60914 and as low as 0.58421 within short periods. These could be considered as potential outliers. But establishing a definitive outlier is difficult without a statistical measurement for anomalies in this specific dataset. Given that financial markets can be highly volatile and influenced by numerous external factors, these 'outliers' could just be natural fluctuations.
It's important to note, this simple visual analysis gives a broad overview. Yet, for in-depth understanding and drawing concrete conclusions, rigorous statistical methods should be employed. This would include measures like moving averages, autocorrelation, regression models or even machine learning algorithms for pattern detection.
