2024-05-16 Yen News
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2024-05-15
Summary of Yesterday
- 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
The overall trend of the exchange rates shown in the dataset points to a very slow increase. Initially, the exchange rate remains relatively stable, hovering around the 0.00873 mark for a long period before experiencing slight fluctuations both upwards and downwards. From the timestamp '2024-05-15 02:35:02' onwards, the rate starts to slowly climb and maintains this slight increasing trend till the end of the dataset. It is important to note that the increase is very gradual and thus the rate could be seen to be relatively stable overall.
Identification of Seasonality or Recurring Patterns
A distinct seasonality or recurring pattern in the dataset is not evident. The data provides changes in JPY exchange rate at different timestamps that approximately covers a span of 24 hours for one day. If we were to have data for several weeks or months, then it would likely be more possible to identify meaningful seasonal patterns or trends, such as changes tied to specific days of the week or times of the day. However, with this current dataset, such a determination cannot be made confidently.
Noting Any Outliers
Bearing in mind the small variations in the dataset, there are a few instances where the exchange rate recorded a slight jump - relatively larger than the usual slight fluctuations seen in this dataset. For instance, the jump from 0.00883 at timestamp '2024-05-15 19:30:03' to 0.00885 at timestamp '2024-05-15 20:00:02' can be considered slight outliers within the context of the dataset provided. Still, it's worth mentioning that these discrepancies are marginal and such a slight increase does not represent a 'significant' deviation from the general pattern.
![Significant Rise in JPY Exchange Rate Noted Throughout the Day](http://currencymart.net/images/news/yen/2024-05-16/img-N9TXwE12XMT1W4HOUSyi9z4X.webp)