2024-05-13 Jersey Pound News
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
Overall Trend Analysis
From a quick inspection of the dataset, the JEP exchange rate shows fluctuations over the provided timeframe. The highest value is at 1.72888 while the lowest is at 1.69597. This represents the volatility in the Forex market and can be attributed to many factors including market demand, economic indicators, or certain events. However, a more specific upward or downward trend cannot be determined without further statistical analysis such as generating a moving average, amongst others.
Identifying Seasonality
Since Forex markets operate 24/7, we need to determine whether there are any discernible patterns depending on the timestamp. Although without a visual representation it's challenging to conclusively identify seasonality, with given data we can presume some patterns might arise during certain hours of the day when the Forex markets generally show more activity. Therefore, further time series seasonality analysis is recommended.
Noting Potential Outliers
Outliers in this dataset would be represented by sudden and significant changes in the JEP exchange rate. Detecting outliers would require calculating interquartile ranges, establishing thresholds and then filtering the data to identify any instances above or below these thresholds. Unfortunately, simple inspection of this data does not instantly reveal any outliers. As such, detailed statistical analysis is required to identify and investigate these potential anomalies.
Note: Though the analysis provided so far is based on the available data, for a more in-depth and accurate analysis, it would be beneficial to consider factors like market opening/closing hours, weekends/holidays, and key financial news or reports. Because Forex markets are influenced by these factors, considering them can lead to a better understanding of the patterns and changes in the JEP exchange rate.