2024-04-24 Jamaican Dollar News
2024-04-23
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 of the exchange rates
Based on provided time-series data, the general trend is largely stable. For the better part of the timeline, the exchange rate varies between 0.0088 and 0.00883. However, a visible slight increase can be noted starting at timestamp 2024-04-23 20:05:02 where the rate goes up to 0.00883 and maintains this value till the end of the observed period. This increase, albeit minor, suggests some degree of appreciation in value.
Identifying Seasonality or Recurring Patterns
The data hints at low volatility, considering the exchange rate's minimal variation. The rate is primarily consistent with occasional slight fluctuations ranging from a minimum of 0.00879 to a maximum of 0.00883. There doesn't appear to be a discernible seasonal pattern or clear cycle within the given dataset indicating a recurring change in exchange rate over specific intervals. However, it is worth noting that currency exchange rates are usually influenced by numerous factors and hence would require long periods of data for any meaningful seasonality or trends to be evident.
Noting Outliers
An outlier in exchange rate data would typically be a significant jump or fall in currency value that deviates largely from the observed range. In this dataset, there were no notable outliers since the rate adhered closely to the range of 0.00879 to 0.00883 with minimal deviation. This points towards a fairly stable exchange rate throughout the entire period of observation.
