2024-05-22 Jersey Pound News
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2024-05-21
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. Understanding the Overall Trend of Exchange Rates
Based on the given dataset, the exchange rate of JEP generally fluctuates over the analysis period. While the data initially shows a decrease from 1.71289 on 2024-05-21 00:00:02 to a low of 1.71033 on 2024-05-21 07:00:03, it rises to a peak of 1.71708 on 2024-05-21 08:05:03, and then descends down to a low of 1.71152 on 2024-05-21 21:05:02 before finally closing at 1.71381 on 2024-05-21 23:55. This indicates that the exchange rates do not follow a clear upward or downward trend but oscillate within this range.
2. Identifying Seasonality or Recurring Patterns
The dataset provided is not sufficient for a robust identification of seasonality or recurring patterns as it only covers only one day. For a reliable analysis of such characteristics, data over a more extended period, like multiple months or years, would be necessary.
3. Outliers Identification
No significant outliers can be confidently identified from the given dataset. The largest variations in the exchange rate occur between 07:15:02 and 08:05:03 and between 08:10:04 and 08:25:03, when the rate increased sharply from 1.71080 to 1.71708 and decreased abruptly from 1.71631 to 1.71451, respectively. However, these variations might be part of the inherent volatility of the exchange rate rather than being true outliers. Confirmation of these as outliers would require a more detailed statistical analysis, which is beyond the scope of this initial examination of the data.
![Significant Fluctuations on JEP Exchange Rate Rattles Traders](http://currencymart.net/images/news/jersey-pound/2024-05-22/img-Shfr2ZwXsqzQ4QTzuWESZeUj.webp)