Persistent Stability in JMD Exchange Rate Sees Unwavering Trends
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2024-05-08
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Understanding the Overall Trend
From the dataset provided, the JMD exchange rate over the specified time fluctuates quite minimally. The values range from a minimum of 0.00874 to a maximum of 0.00877. The data trend is seemingly quite stable over time, with the fluctuation range indicating that the exchange rate mostly remains stable over the period shown without a clear or significant upward or downward trend.
2. Identifying Seasonality or Recurring Patterns
With the data provided and the constraints of the task, it's difficult to point out any specific seasonal trends or patterns. The dataset appears to show mild fluctuation in the exchange rate rather than any distinct seasonal variation. The pattern observed is that of relative stability. A granular look does show some recurring patterns of minimal fluctuation between values - 0.00875, 0.00876, and back to 0.00875 over different time frames - but these value changes do not appear to fall into a clear cyclical pattern.
3. Noting Any Outliers
In the context of the dataset and the range of the exchange rate mentioned, there do not appear to be any outliers. The entire dataset falls within the very narrow range of 0.00874 to 0.00877. The majority of the data points are consistent with the general range of values, and there is no instance where the exchange rate differs significantly from what would be expected based on the trend.
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