2024-05-13 Jordanian Dinar News
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2024-05-12
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 of Exchange Rates
Based on a thorough examination of the time series data provided, the overall trend for the Jordanian Dinar (JOD) exchange rates fluctuates throughout the given period. Generally, the value shows a certain level of volatility with recurring increases and decreases. However, this trend is not strictly ascending (indicating an appreciating currency), nor descending (indicating a depreciating currency) but rather a mix of both. Further systematic trend analysis would determine if any consistent, discernible pattern is present in the data.
Seasonality or Recurring Patterns
Regarding seasonality or recurring patterns, it's slightly more challenging to identify concrete patterns due the complexity of Forex markets. Further multi-varied time-series analysis, which includes consideration of various time frames (daily, weekly, hourly) might shed some light on any existing patterns.
Outliers in the Exchange Rates
As per the data provided, several data points could potentially be outliers - instances where the exchange rate significantly deviates from the overall data behavior. These could be instances where the rate has spiked or dipped unusually, deviating significantly from the generally observed exchange rate value. A more detailed statistical analysis or visual examination might give further indications for the presence of potential outliers.
In conclusion, thorough statistical analysis and data exploration techniques are needed to provide more concrete and in-depth findings related to Forex time-series dataset. The overall trend, recurring patterns, and identification of potential outliers all depend on these techniques and a substantial amount of data for observation.
![Unpredictability Rules JOD Exchange Rates Amid Market Volatility](http://currencymart.net/images/news/jordanian-dinar/2024-05-13/img-k4AHxbJv99j7JIt2ODpSPdTB.webp)