2024-04-17 Yen News
2024-04-16
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 examining the data, it's noticeable there is a gradual decrease in the JPY exchange rate over the period shown. It started from an exchange rate of 0.00894 and ended at 0.00894. Although the difference wasn't significant, it still signals a slight downward trend in the exchange rate.
Seasonality and Recurring Patterns
In this data set, no apparent seasonality or recurring patterns are visible. However, in any time series data, these patterns might not be immediately visible due to the variability and fluctuations inherent in financial markets. To draw definite conclusions on seasonality, a more advanced analysis might be needed using decomposition methods to split the original time series into a trend, a seasonal component, and a residual component.
Outliers Analysis
Based on the data provided, it is hard to identify any significant outliers. The exchange rate values tend to fluctuate around the same range with no significant spikes or drops, suggesting that the rates were relatively stable over this period.
However, identifying outliers in time series data could typically need additional statistical tests such as moving averages, Z-scores, or other anomaly detection methods, which are beyond the scope of this simple analysis.
Special Consideration
Although external factors like market opening/closing hours, weekends/holidays or the release of key financial news and reports weren't considered in this analysis, it is important to note that in reality, these factors can have significant impacts on exchange rates. This analysis is a basic overview and a more detailed analysis should consider these factors for the most accurate interpretation.
Furthermore, no forecast was made for future rates as the request was specifically to analyse the historical data only.
