Cabo Verde Escudo Forecast

Not for Invesment, Informational Purposes Only

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

    Upon examining the data series, it seems that the exchange rate remains relatively stable for long periods of time, with slight fluctuations. Most of the time, the rate stays around the 0.01327 - 0.01335 range, suggesting minimal volatility. However, in some intervals the exchange rate exhibits a gradual increase or decrease, such as the instances around 1:35:02 and 4:25:03. But overall, these changes are not dramatic and the rate tends to revert to its mean value quickly.

    Identifying seasonality or recurring patterns

    With the given data, it is a bit challenging to identify any solid seasonality due to the relative stability of the exchange rate and small fluctuations. However, there do seem to be instances where the rate slightly dips and rises again, such as the intervals between 7:55:03 and 8:55:04 where the rate decreases before increasing again. These patterns could potentially suggest a daily cycle where the rate encounters small dips and rises again. However, more data spanning multiple days or weeks might be required to make a more confident assessment of this.

    Identifying Outliers

    There don’t seem to be any significant outliers within this dataset. All the data values hover around the 0.01327 - 0.01335 range, and even the fluctuations within this range are quite small. This indicates that during this specific time period, the exchange rate remained quite stable.

    It's worth noting that this type of time-series analysis can be much richer with either a much longer time horizon or a deeper understanding of what external factors may affect the exchange rate during this period. While we didn't consider factors like market hours or key financial news in this analysis, these elements could significantly impact the insights drawn from such a dataset.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    General Overview of the Data

    From the dataset provided, we can observe minute-by-minute changes in the exchange rate between two unspecified currencies from midnight of February 28, 2024, to just before midnight of the same day. The dataset lists the exact timestamp of each rate and the corresponding exchange rate (CVE).

    Trend Analysis

    The exchange rates provided in the dataset range from 0.0133 to 0.01336, which is a relatively small range indicating stability in the exchange rate for the day in question. However, a general trend seen during the observation period is that the exchange rate starts at 0.01332, marginally increases to peak at 0.01336 by morning, and then, gradually declines to 0.01331 by late afternoon before slightly increasing and stabilizing at around 0.01333 for the rest of the day.

    Seasonality or Recurring Patterns

    Regarding recurring patterns or seasonality for these exchange rates within the day, it is observed that the prices seem to exhibit a daily cycle. There are marginal increases in the morning, declines by late afternoon, and a slight rise and stabilization towards the night. This points to a possible intraday pattern, which is likely influenced by market activity and trading volumes during different times of the day.

    Outliers

    The range of the rates is relatively tight - no significant deviations or outliers were observed in the data. This suggests a market with low volatility for the day, or that the rates were under a strong regulatory control.

    However, crucially, this analysis is based solely on one day's worth of data, and it may not be representative of the exchange rate's longer term behavior.

    Other Notes

    This analysis only interprets the data provided, and external factors such as market opening/closing hours, weekends/holidays, or the release of key financial news and reports were not considered as per your instructions. However, these factors can often play a substantial role in causing shifts or fluctuations in exchange rates, and it is recommended to consider these in a more in-depth analysis.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

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

    1. Understanding the Overall Trend of Exchange Rates

    Observing the data it provided, the exchange rates seem to remain quite stable over the given period. The initial rate begins at 0.01328 and appears to continue at this rate throughout multiple timestamps thereafter. It is important to note that the data does show slight increases to 0.01329, 0.01330, and 0.01331 at certain intervals. These fluctuations then return to 0.01328 again towards the end of the period. These small variations are not drastic enough to deviate from the overall stable trend.

    2. Identifying Seasonality or Recurring Patterns

    From the given timestamp data, identifying clear seasonality or recurring patterns is slightly challenging as the exchange rate mostly remains stable. However, some increases in the exchange rate can be observed at periodic time intervals. This leads me to conclude that while there is a trend of general stability, we can acknowledge a periodic, albeit marginal, increase in rates that could be seen as a recurring pattern. Nonetheless, for a precisely accurate determination, further and more long-term data might be required.

    3. Outliers Noted in the Exchange Rate

    In terms of outliers within this dataset, none are immediately evident. The exchange rate doesn't witness any dramatic increase or decrease throughout the provided timescale. The values hover between 0.01328 and 0.01331. Consequently, there isn't a strong presence of any outliers as there are only very slight variations occurring in the rates which also seem to stick with a certain pattern.

    Please note, as per the request, I have restrained from considering any external factors or generating any forecast for future rates, and analyzed the raw data as it is provided.

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

    Understanding the Overall Trend of Exchange Rates

    Looking at the dataset provided, the overall trend of the exchange rate (CVE) seems to be relatively stable. There are fluctuations throughout the data, but the changes are minor and do not suggest a consistent increase or decrease over the time frame covered. The rates hover around 0.0131 to 0.0132, rarely going down to 0.0130 or up to 0.01328. So, the exchange rate exhibits a low volatility over this particular period.

    Identifying Seasonality or Recurring Patterns in the Exchange Rates

    Visually interpreting from the dataset, we do not find clear evidence of seasonality or recurring patterns in these exchange rates changes. The data doesn't show noticeable cyclic variations or reliable, regular patterns that might suggest a day-of-week, intra-day, or any similar type of seasonal effects. Detailed statistical analysis would be needed to make a more precise conclusion.

    Noting Any Outliers of the Exchange Rates

    At this level of analysis, the dataset does not appear to have any significant outliers. The exchange rate values do not deviate significantly from the central tendency throughout the time frame provided. There are no single data points that appear far from the general range of values or the trend. However, detailed statistical analysis would again be beneficial to identify if there are any subtle outliers.

    In summary, the exchange rate changes provided in the dataset are relatively stable with minor fluctuations, do not show clear seasonal or repetitive patterns, and do not seem to have significant outliers based on the simple visual analysis. Advanced statistical approaches might reveal more detailed insights.

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

    Upon analysis of the data provided, it appears that the exchange rate generally shows minor fluctuations within a certain range over the period in question. As the data looks to be over a short period of time, there is somewhat of a sideways trend, i.e., neither showing a consistent increasing nor decreasing trend. From a minimum rate of 0.01316 and peaking at 0.01328, the exchange rate seems to be fairly stable.

    Seasonality or Recurring Patterns

    Seasonality trends are harder to establish without years of data and without data for each day. However, within the given dataset, there does not appear to be evident recurring daily patterns, as the intra-day variations are fairly minor. If the data were extended over more years and with daily coverage, it would possibly allow for a more profound analysis of seasonality and recurring patterns.

    Outliers in the Data

    As for outliers within this dataset, there seem to be none. The exchange rate has not shown any unexpected spikes or drops. The margin of fluctuation is quite small, and there are no instances where the exchange rate differs significantly from the average rate. Therefore, the rate remained consistent without any significant, unanticipated variances.

Summary of Yesterday

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:
  • Trend

    1. Understanding the overall trend of the exchange rates

    From the data provided, it appears that the exchange rate (CVE) varies within a relatively small range, from 0.01319 to 0.01326 over the period under review. The overall trend appears to be fairly stable with minor fluctuations in the exchange rate over time.

    2. Identifying any seasonality or recurring patterns in the change of exchange rates

    Based on the data, it seems there is no clear seasonality or recurring pattern in the change of exchange rates. The exchange rate remains within a very narrow range throughout different times of the day, showing no substantial periodic rises or falls.

    3. Noting any outliers

    The provided dataset does not indicate any significant outliers. All the values of the exchange rate (CVE) stay closely within the 0.01319 to 0.01326 range, suggesting consistent and relative stability in the exchange rate. According to the standard definition of an outlier, none of the values seem to diverge drastically from the general trend, hence no outliers can be identified from the provided data.