2024-05-10 Fiji Dollar News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
An Overall Trend of The Exchange Rates
Looking at the provided dataset, it can be seen that there are fluctuations in the exchange rates for the FJD currency. Here, the trend is not strictly linear. The highs and lows appear to change at an irregular interval, suggesting that the exchange value doesn't fall into a consistent upward or downward trend. Nevertheless, considering the first and last data entries, the rate slightly increased over time. Although short time frames may show small decreases and increases, overall, there is a marginal upward trend.
Seasonality and Recurring Patterns in the Exchange Rates
With respect to seasonality or recurring patterns, the dataset doesn't provide an apparent pattern or seasonality. The values show some amount of volatility with variable peaks and troughs. However, more in-depth analysis considering larger time frames may reveal patterns that can't be discerned through a simple visual examination or basic statistical analysis.
Identifying Outliers in the Exchange Rates
As for outliers within this dataset, there isn't a substantial fluctuation in exchange rates that would suggest a significant outlier. All the instances of the exchange rate seem to stay within a close range, with no extreme jumps or drops in value. While there are certain rates that are higher or lower than the rates before and after them, these aren't substantial enough deviations to be considered outliers.
In conclusion, while the exchange rate for the FJD currency shows slight fluctuations, it generally illustrates a marginal upward trend. No clear pattern or seasonality are identified, and there are no substantial outliers within the given range of data. It should be noted that for a comprehensive and accurate understanding of such data, more sophisticated time series analysis techniques should be applied.
![Record Surge in FJD Exchange Rates Seen in Mid-May 2024](http://currencymart.net/images/news/fiji-dollar/2024-05-10/img-Q3tUSzCmPTyF7OWxbwbhHXCN.webp)