2024-05-21 Yen News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-20
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
The provided data show the movements of the JPY exchange rate at different points in time on May 20, 2024. A total of 209 data points are given for the entire day. The minimum and maximum exchange rates recorded are 0.00871 and 0.00876, respectively, indicating only slight fluctuations in the exchange rate throughout the day.
1. Overall trend of the exchange rates
The overall trend of the exchange rate on this day appears to be relatively stable with periodic fluctuations. There isn't a broad-based increase or decrease over the period, instead, the rate hovers around the two extremes (0.00871 and 0.00876) with some degree of irregularity. Overall, this suggests stability in the exchange rate for the given day, with only minor variations in the JPY's value.
2. Seasonality or recurring patterns
As far as the data suggest, there doesn't seem to be a significant seasonality or recurring pattern in the exchange rate. The fluctuations do not seem to follow a consistent or cyclical pattern that would indicate a degree of predictability. Other more refined and long-term datasets might be needed to establish any seasonality.
3. Outliers identification
An outlier in this context would be a data point where the exchange rate changes drastically within a short period. However, given the small range of fluctuations, it doesn't appear that there were significant anomalies or deviations from the general trend that would warrant being labeled as outliers in this data.
In conclusion, the analysis suggests that the JPY exchange rate on this particular day (May 20, 2024) was relatively stable with no clear patterns, seasonality or significant outliers. This could potentially denote a period of relative calm in the foreign exchange market.
![Unyielding Stability Marks JPY Exchange Rate amidst Economic Volatility](http://currencymart.net/images/news/yen/2024-05-21/img-PiRU30jPbzkg0oOcbqAoj3Of.webp)