2024-05-10 Trinidad and Tobago Dollar News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
After analyzing the provided time-series data, it has been observed that the overall trend of the exchange rate for this particular period indicated a stable slight fall. The exchange rate, as observed, started at 0.20242 at the beginning of May 9, 2024, and ended at 0.20252, displaying minimal overall change. However, there were numerous mild fluctuations observed within this period. Therefore, it can be construed that the exchange rate is somewhat stable within this period, with minor fluctuations.
Seasonality and Recurring Patterns
Regarding seasonality or recurring patterns, a detailed period-by-period inspection of the data would be needed. However, based on the available data, there doesn't appear to be a strong seasonality or recurring pattern in the exchange rates. The rates seem to fluctuate mildly within a small margin. There were no pronounced or regularly repeating high and low swings that would suggest strong seasonality.
Outliers Identification
Outliers, or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality, were not extremely pronounced in this data set. This observation is based on the relatively stable trend of the exchange rate fluctuations. Nevertheless, there might be mild outliers, such as the rates of 0.20164, 0.20171, and 0.20258 among others, where there was a bit higher leap in the change rate than usual. To robustly confirm this, a detailed outlier detection method or algorithm would need to be executed on the data set.
It's imperative to note that this is a surface-level analysis, and a more in-depth study using statistical methods and models can provide more nuanced insights. Furthermore, external factors such as economic news, geopolitics, and major market events have a significant influence on exchange rates but have not been considered in this particular analysis.
![Subtle Fluctuations Observed in TTD Exchange Rates Over 24-hour Period](http://currencymart.net/images/news/trinidad-and-tobago-dollar/2024-05-10/img-TtvvMVWk5MPSq3IvUg2f84RO.webp)