2024-04-16 Jersey Pound News
2024-04-15
Summary of Last Month
- 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 given dataset of the JEP exchange rates stretches over 1 day period and the granularity is every 5 minutes. Upon observation, the data shows that on 2024-04-15 the initial JEP exchange rate was 1.71343 and the final rate for this day presented was 1.719. This indicates there was an overall increase in the JEP exchange rates throughout this period, albeit a seemingly small one.
Seasonality or Recurring Patterns
From immediate observation of the dataset, it is difficult to pinpoint a specific seasonality or recurring pattern. The granularity of the data at every 5 minutes renders numerous data points throughout a single day, which could vary greatly due to a number of potentially fluctuating market factors. However, further statistical analysis would be needed to identify any deeper, hidden patterns that might be occurring.
Outliers Identification
Identifying outliers in this dataset would involve looking for substantial jumps or drops in the exchange rate within relatively short periods. However, par the nature of foreign exchange markets, such changes could be normal. In the given dataset, most changes range in the third and fourth decimal places, in a seemingly normal manner for currency fluctuations, which would indicate there are no significant outliers. However, a deeper understanding of JEP's trading pattern and knowing which levels of deviation are considered normal and which are outliers is important. Further statistical analysis and historical consistency check would help provide better insights.
Additional Considerations
It’s worth noting that the behaviour of forex markets can be influenced by many factors like market opening/closing hours, weekends/holidays, or the release of key financial news and reports. While the comprehensive analysis for the given single day JEP data does not reflect the effects of these external factors, in an extended dataset they play a crucial role in explaining huge spikes or falls in the exchange rate levels.