2024-05-14 Jordanian Dinar News
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2024-05-13
Summary of Last Month
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis of Exchange Rates
Upon reviewing the provided dataset for the JOD exchange rates, the overall trend indicates a subtle down-trending behavior with slight fluctuations. The exchange rate at the beginning, on 2024-05-13 00:00:02, was 1.93037 and decreased to 1.92967 by 2024-05-13 23:55:02. Despite several short-term rises and dips, the overall rate has indeed decreased slightly over the course of this single day present in the dataset.
Analyzing Recurring Patterns and Seasonality
At first glance, it doesn't appear to be a clear seasonality or recurring patterns within the day of this dataset. The change in the exchange rate is quite minute and doesn't seem to follow a typical or predictable pattern. The exchange rate fluctuations throughout the day appear to be more random than cyclical, with varying periods of increases and decreases.
Outliers Identification
The dataset doesn't appear to contain any significant outliers, as the exchange rate remains within a relatively tight range of 1.9306 to 1.92748 throughout the day. However, it's important to mention that the identification of outliers greatly depends on the definition and threshold set for an 'unusual' fluctuation in exchange rates, which can vary based on different financial strategies and market expectations.
Summary Statement
In summary, the overall trend of the JOD exchange rate for this specific day indicates a slight downward movement. There wasn't a discernible pattern or seasonality in the data. The fluctuations in the exchange rate seem more random than cyclic. There were no significant outliers identified within this one-day course of exchange rate data.
![Analyzing the Rise and Dip in the JOD Exchange Rate Trend](http://currencymart.net/images/news/jordanian-dinar/2024-05-14/img-H5vxuHQJMtchksvpgOpQLv9A.webp)