2024-05-22 Trinidad and Tobago Dollar News
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2024-05-21
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 of Exchange Rates
The given dataset represents exchange rates(TTD) over a day at different timestamps from 00:00:02 AM to 23:55:02 PM on 21st May 2024. The observed trend for this period showed random walk characteristic that exhibited stability with slight fluctuations. The exchange rate commenced at 0.20069 and ended at 0.20089 on the said date. A slight increasing trend throughout the course of the day can be observed. The largest jump was seen from 07:20:03(0.20063) to 07:35:03(0.20101), it gradually declined thereafter until reaching a peak again at 08:05:03(0.20135).
Seasonality or Recurring Patterns in Exchange Rates
There does not appear to be any clear seasonality or recurring patterns in the changes to the exchange rates within this 24-hour period. The exchange rate experiences random walk patterns typically with minute fluctuations indicating a highly unpredictable variable that doesn't seem to follow any particular pattern or trend within the given day.
Notable Outliers in Data
There are no drastic outliers in the provided dataset. However, few spikes can be identified. The highest increase was noted at 07:35:03 with the rate reaching 0.20101. Thereafter, it continued to increase up till 08:05:03 where it reached a peak of 0.20135. From there it gradually declined and then remained stable. Another minor spike was witnessed at 13:45:02 reaching the rate of 0.20113.
It's essential to remember that this analysis does not take into account potential external influencers such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports, as per the request. Also, this is a short-term analysis of a single day, long-term trend and seasonality might not be noticeable in such limited data. To gain truly comprehensive insights, a dataset covering a longer period needs to be analyzed.
![Market Analysis: Remarkable Stability in TTD Exchange Rates Over 24 Hours](http://currencymart.net/images/news/trinidad-and-tobago-dollar/2024-05-22/img-yC5r4d2QXGWmyyB0Xh6UkXJW.webp)