2024-05-17 Jordanian Dinar News
2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Understanding the Overall Trend of The Exchange Rates
Looking at the given dataset, it is quite apparent that there is a gradual increase in the exchange rates over the specific time period. Starting from 1.91941 at the beginning timestamp (2024-05-16 00:00:02), the rate culminates at 1.92207 at the end timestamp (2024-05-16 23:55:01). However, it isn't a straightforward and smooth upward trend, as fluctuations are evident throughout the period.
Identifying Seasonality or Recurring Patterns
While a detailed time-series analysis would be required to confirm seasonality with confidence, some patterns can be discerned from the provided data. For example, there seems to be relatively more volatility in the rate during certain periods. However, without the context of a full 24-cycle, or more data points for multiple similar cycles (days, weeks), it's not possible to affirm if this is a reliable daily or weekly pattern.
Noting Any Outliers
On a preliminary analysis, there don't seem to be any significant outliers in the data—instances where the exchange rate differs dramatically from the overall trend. It's important to note, however, that time-series data can be sensitive to 'local' outliers. These are rate changes that might seem unremarkable in the grand scheme but are dramatic in the context of their immediate surroundings in time. Detecting such points would require more sophisticated statistical models.
Keep in mind, this is a broad overview. A more detailed analysis could uncover added insights and nuances about short-term fluctuations and long-term trends in this exchange rate data.
