2024-05-06 Jordanian Dinar News
2024-05-05
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
1. Overall Trend of Exchange Rates
Upon observing the raw data, it appears that the exchange rate of JOD fluctuates between 1.91 and 1.94 for the first half of the provided time frame (until about 2024-04-10) and then rises to a range approximately between 1.92 and 1.945. Following a brief drop around 2024-04-17, the rate stabilizes around 1.93 and continues in approximately the same range until the end of the data set. While there exist some spikes, the rate does not stray far from its general level.
2. Seasonality and Recurring Patterns
Given the limited scope of the dataset, it's difficult to definitively determine the existence of seasonality or recurring patterns. However, there things to note: Within certain days, there seems to be two peaks and troughs, perhaps indicating some intraday seasonality that may be due to market opening/closing hours. Besides that, there is no obvious weekly or monthly pattern, possibly due to the absence of weekends/holidays data.
3. Outliers
Two potential outliers are noticed in the dataset. The first occurs around 2024-04-10, where the exchange rate jumps from approximately 1.912 to 1.931 within a few hours. A similar extreme movement occurs on 2024-04-18 when the rate jumped from approximately 1.942 to 1.949. These can be identified as outliers primarily because of the speed and magnitude of change, and the fact that these shifts are not in line with the general rate movements seen locally around those timestamps. They prompted the rate shift from 1.91-1.94 range to 1.92-1.945 range.