2024-05-14 Jersey Pound News
2024-05-13
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
Understanding the Overall Trend
Upon analyzing the data, it is clear that there is a slight upward trend in the value of the JEP exchange rate over the span of the provided dataset. The values start from approximately 1.714, and gradually increase to around 1.718. There are minor fluctuations between these values throughout the dataset, but the overall trajectory seems to be mildly bullish (increasing).
Identifying Seasonality or Recurring Patterns
There doesn't seem to be clear seasonality or recurring patterns in the data on a daily level. However, a more granular analysis or a longer time-series data may yield different results. It's worth noting that, because of the short time span covered in the dataset, potential weekly, monthly, or annual seasonal patterns would not be identifiable.
Noting Outliers
Given the relatively stable nature of this exchange rate, most of the values in the dataset are close to each other. However, some observations can be considered as potential outliers. For instance, the highest rate value of about 1.7197 is a potential outlier given that it is significantly higher than most of the other rates. As these values are relatively rare in the dataset, it could be deemed as a sudden, short-lived spike in the exchange rate. Despite these few potential outliers, most of the values fall within a relatively tight range, reflecting the often stable nature of exchange rate movements in a relatively stable economic environment.
