2024-05-13 Yen 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
Below is the comprehensive analysis of the dataset:1. Understanding the overall trend of the exchange rates
Looking at the data, the overall trend of the exchange rates over the period seems to be quite stable with minor fluctuations. Although there are instances of increases and decreases in the rates, these changes are not significant enough to infer a consistently increasing or decreasing trend. The rates mostly hover around the same value, indicating a relatively stable currency exchange environment within the provided time series.
2. Identifying any seasonality or recurring patterns in the changes of exchange rates
As for seasonality or recurring patterns, the available dataset doesn't seem to offer a clear pattern due to the shortness of the time series data presented. More data over a larger timeframe would be necessary to draw any meaningful conclusions on recurring patterns or seasonality in these exchange rate fluctuations. However, there is a rough pattern to be seen where slight rise and falls occur in succession, but once again, they do not appear to be following a strictly predictable seasonal trend.
3. Noting any outliers or instances where the exchange rate differs significantly from what would be expected based on the trend or seasonality
In the context of the given dataset, the currency fluctuations appear to be fairly moderate, with no glaring outliers or unexpected spikes or dips. That being said, the minute fluctuations could potentially represent significant changes on a larger scale, and it would be important to take this into account depending on the exact nature of the financial engagements being carried out.
![JPY Exchange Rate Exhibits Persistent Fluctuations Over Two Week Span](http://currencymart.net/images/news/yen/2024-05-13/img-y7bieI3zeJFGOkZwp5FvvPaL.webp)