Cabo Verde Escudo Forecast

Summary of Yesterday

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Trend

1. Data Overview and Understanding Exchange Rate Trends

The provided dataset captures the exchange rates from April 25, 2024, at different time intervals. It appears to be very consistent and does not show drastic fluctuation. The rates start at 0.01329 and end at a slightly lower value of 0.01328. Interpreting this trend implies that the overarching movement of the exchange rate during this 24-hour period is relatively stable with a minor decrease. Nonetheless, a detailed investigation is required for a more accurate picture of the rate's movement.

2. Seasonality and Recurring Patterns

Given the nature of the data's slight variation and limited timeframe, it's quite challenging to discern any seasonality or recurring patterns. However, nominal downward movements can be observed at specific points. For instance, after maintaining a stable rate of 0.01329 for an extended period, it underwent a very slight decrease, setting a new consistent rate of 0.01328. Upon assessing subsequent data points, we can see a similar pattern unfold.

3. Outliers in Exchange Rates

In the given dataset, no significant outliers were detected. The dataset has minutely differences and does not exhibit sharp or unexpected surges. Hence, it is safe to say that there are no specific instances in which the exchange rate differs significantly from the overall trend pattern.

However, it is crucial to remember that due to the absence of major changes and the relatively short timeframe, the above observations and conclusions are inherently constrained. For a more inclusive analysis, data collected over a larger period or during significant financial events could provide deeper insights. Remember, external factors can substantially impact exchange rate trends and are vital when forecasting financial scenarios.

Summary of Yesterday

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Statistical Measures

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Trend

Analyzing the Overall Exchange Rate Trend

Based on the dataset provided, we start by looking at the overall trend in the exchange rate. Mostly, an increasing trend implies the currency’s value is getting stronger as compared to other currencies, whereas a decreasing trend suggests the currency's value is falling. If there's no significant increase or decrease, the exchange rate is relatively stable. Here, we see a minor increase in exchange rate from 0.01327 at the start to 0.0133 in the midway, and then a slight decrease to 0.01329 at the end. So, overall the exchange rate has remained fairly stable over the period with minor fluctuations.

Identifying Recurring Patterns and Seasonality

Time series data often has a seasonal pattern, which means it tends to repeat at specific intervals. In the given dataset, no prominent pattern or seasonality can be observed in the exchange rate changes within the given timeframe. However, some minor fluctuations are present throughout the day which might be due to daily market conditions and activities.

Noting Any Outliers

Outliers are data points that significantly differ from the trend or the average. They are important because they can indicate volatility or errors in the data. In this dataset, an outlier of 0.01323 is observed towards the end of the dataset. This much lower rate could be caused by various macroeconomic factors. However, our remit does not allow us to take those factors into account or research the specific cause of this outlier.

A comprehensive examination of the dataset highlights a generally stable exchange rate with minor daily fluctuations and one noticeable outlier. Without considering external factors, the provided data offers a good snapshot of steady exchange rates, typical of a stable economic environment.

Summary of Yesterday

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Statistical Measures

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Overall Trend

After examining the dataset, the general trend of the exchange rates appears to be slightly increasing from 0.01317 to 0.01327 with short periods of relative stability. Note that changes are marginal, indicating a reasonably stable exchange rate over the period viewed.

Seasonality or Recurring Patterns

Regarding recurring patterns or seasonality, it is challenging to identify a specific pattern within this dataset. The exchange rate seems to change incrementally without substantial fluctuations. However, a microscopic analysis might reveal more discreet, intra-day patterns. Since we are not taking into account market timing or weekdays/weekends, it's hard to identify clear seasonality with the provided data.

Outliers & Significant Deviations

Based on the provided dataset, there do not seem to be any significant outliers or moments where the exchange rate differs in a statistically significant way from the expected trend. The rates remain in a narrow range throughout the time series without any abrupt jumps or falls. This observation implies a steady market with minor, continual adjustments rather than sudden shifts.

Summary of Last Month

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Overall Trend of Exchange Rates

Based on the data provided, it's evident that the exchange rates relatively stay stable over the entire period. The exchange rate started at 0.01326 at the beginning and ended at the same point, at 0.01324, by the time we reach the end of this period. There were minor fluctuations during this time, with the highest rate being 0.01327 and the lowest being 0.01319. Despite these variances, the rate didn't deviate substantially from the opening rate.

Seasonality or Recurring Patterns

Upon evaluating the dataset, there doesn't appear to be any clear seasonality or recurring patterns in the changes of these exchange rates on a day-to-day basis. The data is quite stable and consistent, with minor fluctuations scattered throughout. Further analysis may be required to detect less obvious patterns or trends or considering more extended periods.

Outliers Detected

With the data provided, the exchange rates mostly oscillate between 0.01319 and 0.01327. Within this range, no extreme spikes or drops (outliers) have been observed based on the dataset. The general stability of the exchange rate implies that there may be a strong control mechanism in place or low volatility within this period.

Please note that this analysis is strictly data-focused and does not take into account any external variables like market opening/closing hours, weekends/holidays, or the release of key financial news and reports that can significantly impact the exchange rates.

Summary of Last Week

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Overall Trend Analysis

The overall trend appears to be fairly stable as the exchange rate doesn't change a great deal over the provided span of time. The exchanges rates started at around 0.01342 and ended near 0.01323, indicating there's a slight decrease in the exchange rate over time. But this change is not substantial enough to clearly note a definitive downtrend or uptrend.

Seasonality and Recurring Patterns

There do not appear to be any clear seasonal or cyclical patterns in this dataset. The fluctuations in exchange rates seem to be quite random and do not adhere to any specific time-based pattern. Given that this data spans only over a month and a half, seasonality or cyclic patterns might not be noticeable. However, if the data was available for a larger duration (years), one may identify annual or semi-annual patterns or trends if they exist.

Outliers

Given the small range of values provided (0.01315 to 0.01353), outliers, if any, do not seem to be significant or substantial enough to notably affect the overall trend analysis. However, the largest noted exchange rate was 0.01353 which could be considered a minor outlier as it noticeably differs from the general range of exchange rate values provided. But again the degree of difference is not large enough to consider it a significant outlier.

To summarize, this exchange rate data shows a very slight overall decrease, lacks clear seasonal patterns, and contains few if any significant outliers. However, please note that exchange rates can be affected by a multitude of factors which are not considered in this analysis, including economic indicators, political events, and changes in market sentiment.

Summary of Yesterday

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Statistical Measures

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Trend

Certainly, let's begin the analysis of your dataset:

Understanding the Overall Trend

The overall trend of the exchange rates presented in this dataset appears to fluctuate within a small range. Over the course of the dataset's coverage from April 15, 2024, to April 19, 2024, the exchange rate vacillates from a minimum of 0.01323 to a maximum of 0.01352. While there are some minor drops and increases in the rates within this period, given the tiny variation in exchange rates, we could say the rates remain fairly stable overall.

Seasonality or Recurring Patterns

Given the limited amount of data and the short duration, it is challenging to investigate seasonality or recurring patterns accurately. However, small drops and jumps in exchange rates can be observed at certain time points that could suggest some intra-day patterns. These patterns might be tied to specific times of the day but given the short period, it is impossible to determine any clear weekly or monthly patterns.

Note on Outliers

The dataset does not exhibit any noticeable outliers. Fluctuations in the exchange rate are within a close range. The most significant variation observed is between 0.01352 and 0.01323, a range that is not extreme enough to merit the tag of an outlier. Please note, though, that a more comprehensive dataset, spanning a more extended period, would offer a detailed view of any potential outliers.

Please note that for a more accurate and comprehensive analysis, a more extended and complete dataset would be required. Remember, the above observations and interpretations are purely based on the provided dataset and do not consider any external economic or market factors.

Summary of Yesterday

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• Difference of Daily High & Low:

Statistical Measures

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• Standard Deviation:

Trend

1. Understanding the Overall Trend

The overall trend of the CVE exchange rate in the given time period seems to be relatively stable. The rate started at 0.01329 at 2024-04-19 00:00:02 and ended at 0.01324 at 2024-04-19 14:55:01. Within these window, the maximum value reaches 0.0133 while the minimum drops to 0.01322. In general, no clear increasing or decreasing trend is observed as the fluctuations are within a small range.

2. Identifying Recurring Patterns

In terms of seasonality or recurring patterns, the data does not provide significant variations that could suggest a clear cyclical pattern throughout the day. The changes in the CVE exchange rates are relatively small and sporadic. A more extended period data might be required to establish any seasonality in the changes of the exchange rates.

3. Noting Any Outliers

Given the small fluctuations in the CVE exchange rates, it is difficult to identify any significant outliers purely based on the provided data. Each value seems to fall within a tight range around the mean (0.01327), and any variations can be considered normal in the context of foreign exchange markets. However, it’s important to note that the actual outlier detection would require statistical analysis.