2024-05-10 Jamaican Dollar News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Unfortunately, the data provided shows the exchange rate at various timestamps of a single day, May 9, 2024. This means that we cannot discern a long-term trend or seasonality, as these observations require data across a more extended period. However, there are still some insights that we can draw from this data.1. Short-term trend of exchange rates
Examining the exchange rates chronologically reveals a generally consistent rate throughout the whole day. The exchange rate starts the day at 0.00874, sees a very slight increase around the middle of the day, reaching 0.00877, and ends the day at the same rate, indicating a very minor upward trend for this single day. However, the exchange rate remains highly stable across this entire period, with only slight fluctuations.
2. Recurring patterns and Variations
Given the short time period for this data set (one day), it is challenging to identify genuine recurring patterns. However, we notice that the exchange rate stays stable for several intervals, such as 0.00874 and 0.00875, before progressing to the next rate. After the market closes for the day, the exchange rate sees a slight bump to 0.00877, this fluctuation might be due to some end-of-the-day adjustments in the forex market or a response to late financial news or events.
3. Outliers
Throughout May 9, 2024, there wasn't any significant dip or spike in the exchange rates. The maximum exchange rate was 0.00877 and the minimum was 0.00872 (occurring only twice during mid-day). Therefore, there weren't substantial outliers, which underscores the relative stability of the exchange rate on this particular date.
Please note that while every effort was made to provide a robust analysis, a one-day dataset is limited in its capacity to provide comprehensive insights into exchange rate behavior. A longer timeframe would offer a more accurate depiction of trends, patterns, and outliers.![Unprecedented Stability in Jamaican Dollar Sees Surprise Spike](http://currencymart.net/images/news/jamaican-dollar/2024-05-10/img-4ljZCZRwH90qvsQIF3bBZ67O.webp)