2024-05-10 Jordanian Dinar News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-09
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 in Exchange Rates
The dataset provides a frequent record of exchange rates over a specific period, from 2024-05-09 00:00:02 to 2024-05-09 23:55:02. From the superficial inspection of the data, while there are slight fluctuations, the general trend of JOD exchange rates demonstrates a gradual decline over the period shown, from a starting value of 1.93799 to an ending value of 1.93122. There is no prolonged period of steady rates, indicating the volatile nature of exchange rates.
Seasonality or Recurring Patterns
It's not significantly common to observe recurring patterns or clear seasonality in the exchange rate data due to its inherently stochastic nature. Nevertheless, within this data set, there are instances of slight peaks and valleys, suggesting some sort of short-term cyclical behavior. However, without longer temporal data, it's difficult to firmly establish the existence of seasonality.
Potential Outliers
Outliers in exchange rate data are instances where the rate varies significantly from the established trend, possibly as a result of unanticipated or high-impact events. In this dataset, some data may be considered outliers such as the sharp decrease at timestamp 2024-05-09 07:35:03 to 1.93434 from 1.93609 at 2024-05-09 07:25:02 and the sharp rise to 1.9347 at 2024-05-09 08:10:03 from 1.93391 at 2024-05-09 08:00:03.
Such instances could merit further investigation, although they may just represent the inherent variability in exchange rates. It should be noted, however, that given the relatively minor magnitude of these fluctuations, they should not be stressed without additional contextual information.
![Significant Fluctuations Mark Jordanian Dinar](http://currencymart.net/images/news/jordanian-dinar/2024-05-10/img-8foI01m7eFCJDKV7D8N6qBgJ.webp)