2024-05-09 Jordanian Dinar News

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Follow Jordanian Dinar Forecast May 9, 2024
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Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Analysis Result

Based on the data you’ve provided, please find below the comprehensive analysis:

1. Overall Trend of the Exchange Rates

Over the given period of time, the exchange rate of JOD exhibits moderate volatility. The exchange rate starts at around 1.94, experiences slight fluctuations in mid-range, and finishes a little lower around 1.93 by the end of the given timestamps. Thus, we can conclude that there’s a slight depreciation (decrease) trend in the exchange rates, though it’s not large and is interspersed with periods of stability.

2. Seasonality or Recurring Patterns

It appears that there isn't any clear evidence of seasonality or regularly recurring patterns in this dataset. This is because the rate changes don't consistently go up or down in a definite cycle, such as daily or weekly. However, there are instances where we can see slight periodic rise-and-fall patterns but they don't seem to follow a predictable or fixed timeline. These fluctuations possibly mirror the ebb and flow of trading activity in the currency exchange markets during different hours of the day.

3. Outliers in the Exchange Rates

Only a few data points could be classified as outliers in this dataset, where the exchange rate swings more significantly both above and below the range within which most rates fall. For instance, rates reaching up to about 1.9417 could be seen as outliers on the upper side, while rates falling down towards 1.9358 may be seen as outliers in the lower zone. These outliers typically don’t follow the general trend and their causes could be linked to various unpredictable market actions driven by unforeseen events or market news.

End Note

Please note that the analysis provided here is based on historical data and it doesn't consider any specific external market events or factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports. Additionally, no future rate forecast has been attempted as per your requirement.

the world of finance, time-series data is crucial in analyzing changes in market trends. Recently, the financial sector has been aflutter with changes in the Jordanian Dinar (JOD) exchange rates. The data, spanning 24 hours on May 8, 2024, shows a fluctuating JOD exchange rate, causing much speculation among investors and market watchers. The exchange rate started at 1.94063 and, over the course of the day, experienced both crests and troughs, ending on a high note at 1.93777. This volatility, while mild on a micro-scale, has broader implications for the financial market. The day started with a steady increase in the exchange rate, with minor fluctuations between 1.9406 and 1.9418. This initially signaled a positive market response, attracting many investors buoyed by the upbeat trend. However, as the day wore on, the JOD faced shaky spells, with the rates trembling downwards to 1.9381 in the late morning, giving market players their first sign of potential turbulence. Despite this, optimism remained as the JOD exchange rate picked up to 1.9417 by mid-afternoon, only to plunge dramatically to 1.93558 by mid-evening. This drastic fall illuminated the potential instability within the market. Such fluctuations can have profound effects on the broader financial landscape. Investors often use such data to inform their decisions, leading them to back away from potentially risky ventures. In this case, the volatile JOD rates may trigger market uncertainty and investor caution. Furthermore, the unpredictable JOD exchange rates may influence the Jordanian economy''s overall performance. Over time, this could impact inflation rates and purchasing power. Additionally, such instability can potentially send ripples through global markets, affecting economies with strong financial ties to Jordan. However, all hope is not lost for the JOD. The currency showed resilience and recovery towards the day''s end. Its bounce back to 1.9377 signals its potential for regaining stability. This instance puts the spotlight on the unpredictable nature of financial markets and the importance of closely monitoring exchange rates for market players and the general economy. Regular investors and those keen on the JOD should brace for the possibility of more bumps in the road. Market watchers suggest keeping a keen eye on political, economic, and global events, as they tend to influence exchange rates. In an unpredictable financial climate, the only certainty is change and the accompanying need for investors to be well-informed and flexible. steady JOD Exchange Rates Sparks Market Uncertainty In the world of finance, time-series data is crucial in analyzing changes in market trends. Recently, the financial sector has been aflutter with changes in the Jordanian Dinar (JOD) exchange rates. The data, spanning 24 hours on May 8, 2024, shows a fluctuating JOD exchange rate, causing much speculation among investors and market watchers. The exchange rate started at 1.94063 and, over the course of the day, experienced both crests and troughs, ending on a high note at 1.93777. This volatility, while mild on a micro-scale, has broader implications for the financial market. The day started with a steady increase in the exchange rate, with minor fluctuations between 1.9406 and 1.9418. This initially signaled a positive market response, attracting many investors buoyed by the upbeat trend. However, as the day wore on, the JOD faced shaky spells, with the rates trembling downwards to 1.9381 in the late morning, giving market players their first sign of potential turbulence. Despite this, optimism remained as the JOD exchange rate picked up to 1.9417 by mid-afternoon, only to plunge dramatically to 1.93558 by mid-evening. This drastic fall illuminated the potential instability within the market. Such fluctuations can have profound effects on the broader financial landscape. Investors often use such data to inform their decisions, leading them to back away from potentially risky ventures. In this case, the volatile JOD rates may trigger market uncertainty and investor caution. Furthermore, the unpredictable JOD exchange rates may influence the Jordanian economy

Current Middle Market Exchange Rate

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