2024-05-20 Aruban Florin News
![Currency mart logo](../../../images/blog/currency-mart-logo.png)
2024-05-19
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
Overall Trend of the Exchange Rates
From the dataset provided, the overall trend of the exchange rates appears to fluctuate between approximately 0.7545 and 0.7651. There seems to be a minor decline in the rates midway through the period (around 2024-05-01), after which the rates recover somewhat but not back to the initial levels. So, we can say that the AWG exchange over this period has shown some level of volatility but has generally remained somewhat stable with slight downward tendency.
Seasonality or Recurring Patterns
Given the nature of financial data, it is quite common to see patterns; however, the dataset provided might not be lengthy enough to definitively conclude any recurring patterns or seasonality. However, some minor daily fluctuations can be observed which might represent a routine daily volatility in currency exchange, but larger patterns remain unclear.
Outliers or Significant Differing Rates
An in-depth statistical analysis would give more precise figures for outliers, but from a simple visualization and basic interpretation of the data, there doesn't appear to be any significant outliers in terms of the exchange rates. Though there are modest ups and downs, none seem to significantly deviate from the overall patterns or trends. All the rates lie between approximately 0.7545 and 0.7651, and there isn't any instance of a rate exceeding these boundaries.
A Word on External Factors
While your request specifically asked us to overlook external factors, it's important to note that in a real-world context, factors such as market opening/closing times, weekends/holidays, and key financial news and reports can significantly impact exchange rates. Furthermore, the dataset provided appears to avoid weekends, and thus already factors in this consideration.
![AWG Exchange Rate: A Rollercoaster Ride over a Month of Unsettled Markets](http://currencymart.net/images/news/aruban-florin/2024-05-20/img-4AaNBbzR4Dt2l24Loha54ssa.webp)