Market Witnesses Riveting Fluctuations in TJS Exchange Rates
2024-05-06
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 of Exchange Rates
Upon analyzing the data, the overall trend that was observed leans towards a general decrease in the TJS exchange rate over time. The dataset starts from 0.12562 and ends at 0.12531, a very minor but nevertheless consistent downward trend.
Seasonality of Exchange Rates
It is difficult to discern a clear seasonal pattern or recurring trends within such a small dataset and short time frame of observations. However, a slight pattern can be noted in the fluctuations of the exchange rates which appear to be somewhat periodic, typically dipping and rising within a small range. Nevertheless, this should be considered with caution as exchange rates are affected by numerous factors beyond the scope of this dataset.
Identification of Outliers
Regarding outliers or significantly differential data points, the dataset has minor fluctuations but no significant outliers can be identified. The exchange rates experienced minor ups and downs over time but remained within a small range. There were no sudden or extreme changes that could characterize a datapoint as an outlier.
Additional Considerations
It is important to note that while the analysis gives an insight into the historical trend of TJS exchange rates, it does not account for external market factors. Factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports can have significant impacts on exchange rates. These factors may explain some of the periodic changes observed in the data.
Conclusion
In conclusion, the TJS exchange rate showed a minor decreasing trend over the time period provided. No clear seasonal trend was observed, but periodic fluctuations were noted. No significant outliers were identified. It should be remembered that the analysis does not consider the myriad of micro and macroeconomic variables which can impact currency exchange rates in real-world conditions.
