2024-05-03 Yen News
2024-05-02
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
1. Overall Trend Analysis
From the dataset provided, the exchange rate of JPY shows a slight fluctuation with a general increasing tendency in the given period. The rate started from 0.00881, and ended up at 0.00894. Despite some minor declines, the shift towards a higher value indicates a progressive upward tendency, albeit with volatility
2. Seasonality and Recurring Patterns
With regard to seasonality, there's no obvious seasonal pattern in this data set considering the short period of time this data covers. However, there seems to be some recurrent minor ups and downs throughout the day as the small decimal changes in the rate suggest. The recurrent changes may be due to daily trading behaviors and market liquidity conditions.
3. Identification of Outliers
Outliers are extreme values that deviate from other observations on data, they may indicate a variability in a measurement, experimental errors or a novelty. In this case, given the small fluctuations and the range of values, we don’t appear to have any significant outliers in this dataset. Exchange rates can be very stable over a short period of time unless a significant economic event happens. The presented data shows a stable behavior with minor fluctuations which shows no presence of drastic changes or deviations that might present outliers.
In conclusion, when analyzing this financial data extensively, it is important to consider that exchange rates are influenced by a plethora of factors ranging from macroeconomic indicators to geopolitical events. While this brief analysis provides a basic understanding of the dataset's trend and potential seasonality, a more comprehensive analysis should incorporate additional financial indicators and events information.
