2024-05-17 Fiji Dollar News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend
Upon examining the dataset, it can be noted that there are slight fluctuations in the exchange rate values throughout, which is typical for foreign exchange data. However, when looked at a broader perspective, the exchange rates appear predominantly stable. There is a slight incremental increase observed in the values over time, however, it's not substantial enough to denote a clear upward trend. Thus, overall the rates can be described to be relatively steady over the given timeframe.
Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, the dataset does not show clear daily or weekly patterns. The exchange rate values do display minute oscillation over short sequences which are typical in forex trading due to market volatility. However, these are not consistent enough to be considered a reliable seasonal/recurring pattern.
Identifying Outliers
Regarding outliers, where the exchange rate significantly deviates from the expectation, none appear to be present. A deeper statistical analysis might uncover minor outliers but from a high-level analysis, the movements in the exchange rate are gradual and don't show any extreme jumps or falls.
Please note that the foreign exchange market can be influenced by numerous factors including geopolitical events, reports on the economy, changes in interest rates, etc. However, these aspects were not considered as per your request. Therefore, this analysis is purely based on the historical data pattern observed and not influenced by any external market conditions.
![Exchange Rates Surge Bit by Bit for FJD Amid Market Watch](http://currencymart.net/images/news/fiji-dollar/2024-05-17/img-O3ZhTTVp6nyA0rD23EiKeciL.webp)