2024-04-18 Jersey Pound News
2024-04-17
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend of Exchange Rates:
Looking at the data provided, the overall trend for the JEP exchange rate seems to be moderately decreasing. We started at a rate of around 1.72162, and the last provided data point is at approximately 1.71332. However, it's worth noting that this change isn't substantial, indicating a generally steady exchange rate with minor variations over the period. Minor fluctuations within this range are likely regular, market-driven variations rather than indications of a significant, continuous upward or downward trend.
2. Seasonality or Recurring Patterns:
In a basic analysis of time series data like this, seasonality would typically refer to consistent, predictable fluctuations in the trend that happen at regular intervals. With the provided data, no clear overarching cyclical or seasonal patterns can be identified. This isn't particularly surprising, as exchange rates are impacted by a wide variety of factors including economic indicators, geopolitical events, and market psychology, which can lead to complex and unpredictable patterns of fluctuation. However, a more detailed or specialized analysis might reveal finer-grained patterns or tendencies.
3. Outliers:
Examining the data, no significant outliers are readily apparent - most variations in the exchange rate fall within a relatively narrow range over the short period of time covered by the dataset. We don't see any instances where the rate differs drastically from the general range of values, which would suggest a major unexpected event or development. Nonetheless, a deeper analysis with advanced statistical tools could potentially identify subtle irregularities or anomalies that aren't immediately obvious.
In general, it's important to bear in mind that this is a fairly basic, high-level analysis. Exchange rates are influenced by a multitude of factors, and their behavior can be quite complex and unpredictable. This analysis focuses solely on the provided data without taking into account external conditions or contexts that could have influenced the observed trends and patterns.
