2024-04-29 Jordanian Dinar News
2024-04-28
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
Having analysed the dataset, it can be observed that the overall trend of the exchange rates seems to exhibit mild fluctuation rather than a distinct general increase or decrease. The exchange rates appear to oscillate in a certain range. But, to be specific, we noticed that the rates slightly increased over the considered period, with few ups and downs. However, no long-term drastic upward or downward trends were present during this period.
Seasonality and Recurring Patterns
Examining the data does not reveal any significant seasonal or recurring pattern, such as daily or weekly cycles. Nevertheless, if minute-to-minute changes were to be considered, some subtle patterns might emerge. But in a daily view, the rates tend to show a kind of random walk. Therefore, it would be hard to predict the future rates based on past observations alone.
Outliers and Unexpected Changes
Upon examining the dataset, a few instances can be identified where the exchange rate differed significantly from its usual range. For instance, there is a significant spike on 2024-04-10 where the rate increased notably before it went down to the usual range. However, such movements were not typical and hence can be considered as outliers. Although these outliers can sometimes provide valuable insights, they may also lead to misleading trends if not handled appropriately.
