2024-05-17 Yen News
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2024-05-16
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 of the Exchange Rates
From a glance at the provided data, the overall trend of the exchange rates shows a slow and slight decrease. The data started at a rate of 0.00884, and by the end of the data set on 2024-05-16, the exchange rate eased down to 0.00875. While this is not a significant change, it does show that on this specific day, the exchange rate for JPY has been slowly trending downwards. There are slight increases and decreases throughout the day, but the general trajectory for this dataset is a slight decrease.
Seasonality or Recurring Patterns
Looking at the data, there doesn't seem to be a clear seasonality or recurring pattern from the provided dataset, as it covers the span of a single day. The fluctuations throughout the day do not significantly repeat at particular intervals. The values appear to fluctuate slightly and at relatively random intervals. However, it's worth noting that there is a slightly more marked decrease in exchange rates around the hours of 20:00 and 21:00, but this could be coincidental without more data to substantiate the claim.
Outliers
Considering this dataset, there do not appear to be significant outliers, meaning instances where the exchange rates were far higher or far lower than expected. The rates mostly stayed within the range of 0.00888 and 0.00872, indicating no extreme jumps or drops within this period.
Caveats: It is important to note that this analysis is based only on a single day of data. Findings, especially those related to seasonal and recurring patterns, could change if we had a larger dataset that covers multiple weeks, months, or years. It's also worth mentioning that this analysis does not take into account any external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports.
![Stability and Subtle Dip Marks JPY Exchange Rate Activity](http://currencymart.net/images/news/yen/2024-05-17/img-qeBpooApKiQSTicvsI1FHNfQ.webp)