Historic Surge in JOD Exchange Rates Piques Market Interest
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2024-05-20
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
Analysis of Overall Trend of Exchange Rates
After examining the data, it is evident that the exchange rate (JOD) assumes an uptrend during the given period. This means that the rate generally increases from 1.91882 at the start to 1.92403 by the end. Keep in mind that slight fluctuations - both increases and decreases - occur, but the overriding pattern is upward.
Seasonality or Patterns in the Exchange Rates
Delving into the data, it doesn't indicate any clear pattern of seasonality or recurring cyclical patterns based on the time frames given. However, there are periods of temporary stability followed by increments. Conversely, significant fluctuations in rates occur over shorter time frames due to the effects of supply and demand dynamics in the currency exchange markets.
Outliers in the Dataset
There don't appear to be any significant outliers where the exchange rate differs considerably from the observable trend in the dataset. Nevertheless, there are moments of faster rises or drops that could be of interest. For example, at 2024-05-20 03:25:02, the value escalated to 1.92107 from 1.92046 at 2024-05-20 03:20:02. Another instance can be noted on the same date at 16:10:02 where the rate-- 1.9222 was markedly higher than the rate at 16:05:03 -- 1.92192. Additional examination might attribute these cases to minute but rapid shifts in market sentiment.
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