Dramatic Fluctuations in Jordanian Dinar Exchange Rate Observed
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2024-05-15
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Analysis
The data provided occurs on a particular day: May 15, 2024. Within this single day, we can observe that the exchange rates have fluctuations — they do not remain strictly stable. Starting from an opening rate of 1.92503, these rates generally show a downward trend initially, hitting a minimum of 1.91794 at around 10:35. From then onwards it oscillated up and down to eventually close at a rate of 1.91944. This implies a net decrease in the exchange rate within the day. However, as this data is for a single day only, it doesn't confirm a long-term decreasing or increasing pattern.
2. Seasonality and Recurring Patterns
As the data provided is time-series data within only a single day, it becomes challenging to identify any seasonality or longer-term recurring patterns. More data over a broader timeframe, such as weeks, months, or years, would be required to do a more comprehensive seasonality and recurring patterns analysis.
3. Outliers Analysis
Looking at the data, there do not appear to be any significant outliers, or instances where the exchange rates differ substantially from the general trend. However, there were smaller fluctuations throughout the day. For example, a noticeable drop in exchange rate at around 07:35, reducing from 1.92286 to 1.91877 which bounced back to 1.92156 within the next timestamps. Equally, there is a surge in exchange rate seen around 09:00 rising up to 1.92636 and then dropped back to 1.92518 by 09:30. These ups and downs may be due to micro-level factors impacting the exchange rates. Nevertheless, the absence of substantial outliers suggests the data is relatively stable and consistent on this particular day.
Please note this analysis is a high-level interpretation of a single day's data and trends may vary with a broader dataset. This analysis also excludes external factors, as per your requirement, which in practice could play a significant role in impacting exchange rates.
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