2024-05-21 Fiji Dollar News

Summary of Last Month

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
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  • Difference of Daily High & Low:

Statistical Measures

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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.

our Trade The Fijian Dollar (FJD) experienced a fascinating round of trading on twenty May 2024 that saw unexpected turns in the currency''s value. The drastic rate changes within 24 hours caught the attention of many, providing an enticing study for market observers. The day began on a stable note with the FJD exchange rate hovering around 0.61047. The first notable dip started at 00:30 am, and by 00:35 am, the rate had significantly dropped to 0.60328. The sudden dip in the early hours of the morning set the stage for a captivating series of fluctuations throughout the day. Over the following hours, the currency subtly regained its strength, registering a steady rise until around 08:55 am. However, the FJD then dropped off once more, hitting its day low at 0.60315 by 09:10 am, after which it embarked on a gradual rebound journey. But this wasn''t the end of FJD''s rollercoaster day. Throughout the day, the FJD continued to exhibit a lively period of rises and falls. Surprisingly, despite the multiple shifts, it managed to maintain its resilience, hovering around the 0.603x range from its morning lows until late evening. The exchange rate fluctuations may not have been extreme, but they certainly piqued the interest of those studying currency markets. Such volatility without significant dives or jumps indicates a particularly active market under robust control mechanisms. The health of the FJD, despite these fluctuations, demonstrates the currency''s overall strength and the solid financial frameworks in place to support it. This day in trading sheds light on the idiosyncrasies of currency markets, which can be influenced by various factors, including geopolitical events, natural disasters, and shifts in economic policy, among other variables. It speaks to the inherent complexity of global financial systems and the countless factors potentially impacting a single day''s trading session. Looking ahead, market observers will no doubt have their eyes peeled for repeat performance of such fluctuations. It would be intriguing to see whether this pattern is a one-off occurrence or indicative of an emerging trend. A recurrence could have wide-reaching implications on FJD-related investments and trading strategies. As we move deeper into 2024, market participants would be wise to carefully monitor the FJD, considering its demonstrated ability to withstand sudden shifts. With resilient performance like this, it is evident the rollercoaster ride is far from over, and the FJD is a hot currency to watch.FJD Takes a Dramatic Dip and Recovers in Intriguing 24-Hour Trade

Current Middle Market Exchange Rate

For information purposes only.