2024-05-14 Yen News
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2024-05-13
Summary of Last Month
- 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
Upon observing the data, it is noted that the exchange rate of the Japanese Yen (JPY) relatively remains stable throughout the given timeline. The value fluctuates between 0.00874 and 0.00878 over the entire course of data. No general increase or decrease trend over the period is evident. The changes in the rate indicate it as minuscule fluctuations rather than a perceivable trend.
Identifying seasonality or recurring patterns
For regular periodic fluctuations, known as seasonality, the data does not appear to show any explicit daily seasonality in the exchange rates based on the provided time points. With just the values from the every five minutes within 24-hour periods, it is not possible to identify a clear recurring pattern. To fully confirm this assumption, a more detailed analysis using various time-series models would be recommended.
Noting any outliers
The values of the exchange rates are relatively stable and remain within a narrow range. No significant outliers or instances where the exchange rate differs significantly from what would be expected based the trend can be observed. This is indicative of a stable financial period without any aberrations or surprising fluctuations disrupting the regular pattern.
Note: Although the analysis revealed a stable behavior of JPY rates during this period, one should keep in mind that in reality exchange rates can be affected by numerous factors including economic indicators, market sentiment, political instability, performance of global markets, and natural disasters among others.
![JPY Exchange Rate Demonstrates Unprecedented Stability](http://currencymart.net/images/news/yen/2024-05-14/img-6y0fafHiS1JMm0g7nHobg36o.webp)