2024-05-15 Jersey Pound News
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2024-05-14
Summary of Yesterday
- 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
Looking at the data, the exchange rate starts at 1.71832 at the beginning of the date 2024-05-14 and ends at 1.714. This indicates a slight overall decrease in the exchange rate throughout the day. However, the rate fluctuates frequently within the day, showing both increasing, decreasing, and stabilizing tendencies at different times.
Identifying Seasonality or Recurring Patterns
In terms of seasonality or recurring patterns, it would require analysis of a longer timeframe to with more data points to accurately establish. As the data provided only represents a single day, it’s challenging to identify any clear seasonality or recurring pattern in such a short period. For a more accurate assessment of seasonality, multiple cycles of seasonal patterns (usually several years of data) would need to be analyzed.
Identifying Outliers
Outliers in exchange rate data typically represent rare events or errors. In the given dataset, there doesn't appear to be any extreme jumps within a 5-minute interval that would suggest an outlier. However, a statistical test would be needed to formally identify outliers in the data. As per the request, without considering external factors that may affect the financial market, the outliers cannot be easily identified or explained.
Please note that this analysis provides a basic overview based on the provided data. For a more comprehensive understanding of the exchange rates, and to obtain an accurate identification of seasonality and outliers, a more thorough analysis would be required with larger datasets and statistical testing methods.
![Significant Fluctuation Observed in JEP Exchange Rate in May](http://currencymart.net/images/news/jersey-pound/2024-05-15/img-FUq5dNZjWzii3UUchG3EAgvd.webp)