2024-05-21 Fiji Dollar News
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2024-05-20
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend
Based on the dataset provided, the overall trend of the exchange rates appear to be relatively stable, with minor fluctuations. There is a notable dip in the exchange rate around the 2024-05-20 00:30:02 timestamp, where the rate drops from approximately 0.6105 to 0.60328. The rate then trends upwards slightly to approximately 0.6038 by 2024-05-20 02:15:02. However, for the most part, the rates oscillate around the 0.603 to 0.604 mark, indicating little significant overall movement.
Seasonality or Recurring Patterns
Given the limited amount of data provided (a single day's worth of data), it is challenging to ascertain any form of seasonality or recurring patterns in the changes of exchange rates. There are however minor fluctuations throughout the day and a small increase in the rate during immediately after the dip mentioned earlier. Although these suggest potential intraday patterns, more data would be needed across multiple days to confirm any form of seasonality.
Outliers
The most significant outlier in this dataset is the sudden drop in the exchange rate at 2024-05-20 00:30:02 already highlighted above. This drop is significant compared to the rest of the data, and differs substantially from the average rate. Looking only at this day's data, no other instances appear to show such considerable deviation from the average rate.
In conclusion, without considering specific market events or factors like holidays, the exchange rate for this particular day appears to be relatively stable, albeit with minor fluctuations. To gain greater insights on trends, seasonal patterns, and potential outliers, a more extended period of analysis would be required.
![FJD Takes a Dramatic Dip and Recovers in Intriguing 24-Hour Trade](http://currencymart.net/images/news/fiji-dollar/2024-05-21/img-E39bryGuGU2ioiOyhMQFERvA.webp)