2024-05-15 Jamaican Dollar News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trends
From the data provided, it is clear that the exchange rates for JMD are predominantly stable during most part of the day. There are only slight variations in the exchange rate, with the exchange rate oscillating primarily between 0.00872 and 0.00875. The majority of these fluctuations appear to occur between 08:15:03 to 08:55:03 and 18:15:02 to 18:30:03, possibly indicating times of increased trading activity.
Seasonality or Recurring Patterns
There seems to be no clearly identifiable seasonality or recurring patterns in the dataset. The exchange rates are remaining more or less stable across the observed time period. However, there appears to be slightly more activity and subsequent rate fluctuations during early morning and late evening hours, although these changes are very minimal. This can most likely be attributed to the opening and closing hours of the foreign exchange market, although specific times are not indicated in the dataset.
Outliers Identification
In the context of the provided dataset, there are no significant outliers observed. This signals a relatively stable exchange rate during the observed time period. The rate hovers predominantly around 0.00874 with minor fluctuations rarely exceeding a deviation of 0.00002. These minor fluctuations can likely be attributed to the inherent volatility of the foreign exchange market.
Overall, the dataset provides a picture of general stability in the exchange rate with a few non-significant fluctuations likely resulting from routine trading dynamics rather than any anomalous activity or events. Despite the limited timespan and scope of the data, it allows for a basic understanding into the operation of this particular exchange rate within the observed period.
![Stability Reigns Supreme in JMD Exchange Rate Performance](http://currencymart.net/images/news/jamaican-dollar/2024-05-15/img-smMb8XzpiRukpZ9uwIh9I29E.webp)