2024-05-13 Jamaican Dollar News
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2024-05-12
Summary of Last Week
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overview of Dataset and Initial Observations
The dataset provided lists exchange rate data for the Jamaican Dollar (JMD). Each record includes a timestamp and the relevant JMD exchange rate. The timestamps range from 2024-04-12 02:00:02 to 2024-05-10 12:00:02.
Understanding the overall trend
The initial exchange rate at the start of the considered period is 0.00885, and the final rate provided is 0.00873. There appears to be a general downward trend in the exchange rate over the series. However, the changes do not seem drastic and might even be considered relatively stable over the entire period.
Seasonality and Recurring Patterns
Looking at the data, there does not appear to be a distinctive seasonality or strong recurring pattern. The exchange rates seem to fluctuate within a relatively narrow range over time. Although some periods seem to have slightly rising or falling trends, these do not seem to follow a specific regular pattern akin to what would be expected with strong seasonality.
Noteworthy Outliers
There do not appear to be significant outliers in this dataset. The exchange rates generally fluctuate between 0.0088 to 0.0087, with occasional periods of very slight increases or decreases. There is no instance where the exchange rate differs significantly from what would be expected based on the observed trend.
In conclusion, during the considered timeline, the JMD exchange rate shows a stable slight decrease with no apparent seasonality or recognisably recurring patterns. The range of variation in the exchange rate retains a narrow frame with no significant outliers.
![Jamaican Dollar (JMD) Exchange Rate Slightly Depreciated over Two-Week Span](http://currencymart.net/images/news/jamaican-dollar/2024-05-13/img-nc3Vd0TRyPW4b32yFhl6ByxU.webp)