JEP suffers noticeable fluctuation in May 2024
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Upon closely examining the given dataset, it's clear that the JEP exchange rate has experienced fluctuations over the period. The rate has started from 1.71417 and ended at 1.70920, which sees a slight decline. However, without considering certain specifics about the events that might have lead to these changes, I can say that the data shows a general trend of stability with minute oscillations.
Seasonality or Recurring Patterns
Checking for seasonality in the dataset, there is a subtle pattern of rise and fall in the dataset, however, this isn't consistent enough to determine a clear seasonality in the exchange rates. The data points appear to rise and fall at irregular intervals hence, conclusive evidence of seasonality couldn't be provided on the base of current data.
Outliers Detection
There are few instances in the dataset where there's a slight spike or drop. For instance, one noticeable drop in the exchange rate is seen at 2024-05-15 07:35:03 where the rate is 1.7086 which falls significantly compared to the previous data points. It is important to note that these outliers could be due to many factors which are not part of the data given.
Other Observations
Although specific external factors, like market opening/closing hours, weekends, and financial news, are not taken into consideration for this analysis, it's evident in the fluctuating exchange rate pattern that such factors could play an influential role in such transactions. Proper analysis taking such events into account would result in a more accurate understanding of the pattern.
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