2024-05-17 Jamaican Dollar News
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2024-05-16
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 Trend Analysis
The general trend of the JMD exchange rate provided in this dataset is largely stable. Most of the time, the rate oscillates approximately around 0.00871 - 0.00880. There is a slight fluctuation, but no steadfast increasing or decreasing trend is noticeable. Regardless, a more thorough analysis with advanced statistical tests could provide a more clear picture of the presence or absence of a trend.
Seasonality Assessment
From the identified dataset, it's challenging to detect distinct seasonality or recurring patterns. The time frame of the data provided is approximately 24 hours, which may not provide sufficient time to notice any seasonal trends that exist over a longer term, such as weekly, monthly, or yearly. Seasonality is typically better determined with a longer data set.
Outliers
In this dataset, there do not appear to be any significant outliers. The exchange rates remain relatively stable throughout the period shown in the data and no obvious spikes or dips are noticeable. This is a positive sign, indicating that the rate is relatively steady without significant unexpected swings.
Please note, this analysis is purely descriptive and based on the immediate visual representation of the data. More sophisticated statistical methods would allow for a more in-depth understanding of trends and seasonality, as well as the identification of any potential outliers in a more precise manner.
![Unwavering JMD Exchange Rates Exhibit Remarkable Stability](http://currencymart.net/images/news/jamaican-dollar/2024-05-17/img-jaGORwfTaEpDCjjxSZBRZvtI.webp)