2024-05-09 Fiji Dollar News
2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of FJD Exchange Rate Time Series Data
Our analysis is based on the FJD exchange rate time series data provided. Following the goals outlined, here is a detailed exposure of our findings:
1. Overall Trend of The Exchange Rates
The data show a slight decrease in the value of the FJD over the given period. The exchange rate starts at around 0.60458 and ends at 0.60251. This downward trend indicates that FJD has been gently losing value against the compared currency during the period reflected by the data provided.
2. Seasonality or Recurring Patterns
Upon reviewing the data, it's noticed that there are fluctuations throughout the day, but it is difficult to ascertain a clear recurrent pattern or seasonality purely from this data. It would be beneficial to view this data across multiple days or weeks to determine any potential recurring daily or weekly trends.
3. Noted Outliers within the Data
Outliers in this dataset would be values that deviate significantly from the overall observed trend. However, there does not appear to be any significant outliers based on the provided data. The majority of values stay within a relatively close range that fluctuates up and down around the overall decreasing trend. Consequently, it's safe to say that the exchange rate changes are relatively consistent and stable, with no drastic or unexpected increases or decreases detected.
It's important to remember that several external factors can influence exchange rate data, such as market hours, global events, and financial news. Although they were not factored into this analysis, it's vital to consider these elements for a more accurate and detailed view of the market.
