2024-05-13 Trinidad and Tobago Dollar News
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2024-05-12
Summary of Last Week
- 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
An initial overview of the time-series data indicates a slight increase in exchange rates (TTD) from 0.20207 on 2024-04-12 02:00:02 to a peak of 0.20383 on 2024-04-16 10:00:02. After that, rates fluctuate but show a slow decline overall, reaching a low of 0.20070 on 2024-04-29 06:00:02 before rising again to a peak of 0.20293 on 2024-04-30 20:00:03. Rates fluctuate in the subsequent days and eventually close at 0.20241 on 2024-05-10 06:00:02. This suggests that the rates generally fluctuate over time rather than steadily increasing or decreasing, with noticeable peaks and troughs.
Identifying Seasonality or Recurring Patterns
Regarding seasonality or recurring patterns, as this is a limited data set covering a period of just under a month, it is not strongly reflective of seasonality (which usually indicates an annual pattern). However, certain trends are discernible. The data appears to follow a 'day' pattern with highs often occurring in the morning (8 - 10 a.m) and lows frequently appearing in the late night (2 - 4 a.m). This suggests the possibility of intraday patterns in exchange rate fluctuations.
Identifying Outliers and Significant Deviations
Most exchange rates in this period range from approximately 0.200 to 0.204, sliding up and down within this range multiple times. There don't appear to be any significant outliers with exchange rates well above or below this range. However, the sudden changes between consecutive timeslots on specific dates can be significant. An example of this can be spotted on 2024-04-16 06:00:02 (when the rate was 0.20233) and 2024-04-16 08:00:02 (when the rate jumped to 0.20362). These significant rises or falls might be due to a variety of factors which are not covered by this data set, and they don't necessarily indicate an outlier.
![Surprising Uptick in TTD Exchange Rate Amid Volatile Market](http://currencymart.net/images/news/trinidad-and-tobago-dollar/2024-05-13/img-xg63upOk1fUAxO8RQNhp5D8g.webp)