2024-05-08 Fiji Dollar News
2024-05-07
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of Dataset
The data provided represents time series data, tracking the fluctuations of the FJD exchange rate from 2024-05-07 00:00:02 to 2024-05-07 23:55:02. Analyzing time series data involves looking for patterns, trends, cyclicality, and irregularity in the data points. It is important to note that this data represents exchange rate fluctuations in a single day.
Overall Trend of Exchange Rates
The data depicts the exchange rates for FJD throughout a single day. In the given dataset, the FJD rate started at 0.60937, experienced various fluctuations, and ended the day at 0.60454. The data shows a slight overall downward trend indicating a drop in the value of the FJD over the course of the day. This trend could be subject to various factors that influence exchange rate such as supply and demand, and economic indicators.
Seasonality and Recurring Patterns
Given the data only spans a single day, it is somewhat challenging to identify any clear seasonality or recurring patterns within the data. Necessarily, to assess seasonality or recurring trends, a more extended set of data would be beneficial. This would ideally span multiple weeks, months, or years to ascertain patterns over a longer period such as weekly or annual trends. However, smaller fluctuations seen might suggest intra-day variations which could be influenced by market opening times and key financial events throughout the day.
Identifying Outliers
An outlier analysis was performed on the exchange rate data, and it appeared to be relatively consistent with no extreme spikes or dips, bearing in mind the slight overall downward trend. However, at the timestamp 2024-05-07 15:15:03, there was a significant increase in exchange rate from 0.60392 to 0.61137. This could be seen as an outlier, significantly deviating from the general pattern of the rest of the data. However, such instances can occur regularly in financial data due to various factors, including sudden changes in market conditions or release of economic news.