2024-03-12 Cabo Verde Escudo News

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

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.

ughout the Day Many investors held their breaths early in the trading hours of March 11, 2024, when the CVE exchange rate showed a slight upward tick, rising from an initial rate of 0.0133 to settle at 0.01338. However, the pace of the currency exchange market began to steady after a short time. When the clock started ticking at midnight, the opening rate stood at 0.0133. In the first few minutes of trading, the exchange rate inched slightly upwards to mark 0.01338, potentially triggering a flutter of anticipatory excitement on the trading floor. Nevertheless, the market remained stable after this initial fluctuation, with the rate staying at 0.01338 for an extended period. While such steadiness may not seem exciting to the layman, it displays consistent market stability and can foster confidence amongst traders and investors alike. The stability continued past midnight, spanning several hours into the early morning of the day. However, a slightly downtick was noted at approximately 12:45 AM, with the exchange rate adjusted to 0.01337. While any decrease may be a cause for concern for some investors, the change in the exchange rate was minuscule, underscoring the continued strength of the market. The rate continued to hover around the 0.01336-0.01338 range throughout the day, showing marginal fluctuations. The stability suggests the relative confidence of markets amid a volatile and uncertain global financial landscape. Recent fears over economic instability and potential market downturns failed to shake the CVE market, emphasizing strong investor confidence. What makes this worth watching is the slight uptick noted towards the end of the trading day. Around 9 PM, the exchange rate rose to 0.01337 and consistently stayed around that range through the remaining hours of trading. While a minor change, the increase could be perceived as an optimistic signal for the forthcoming trading days. Looking towards the future, investors will undoubtedly be keeping their eyes peeled for the opening trading hours of the next business day, identifying if this upward trend will continue or if the market will remain steady. While the market’s stability today can give them some measure of comfort, the increasing globalization and interconnectedness of financial markets remind them that they must always be prepared for fluctuations. With markets constantly in flux, those closely watching the CVE exchange rates have learned to keep their fingers always on the pulse, ready to respond at the slightest sign of change. Today''s stability showcases investor resilience in the face of uncertainty, a quality that will undoubtedly be tested in the days to come.Rise in CVE Exchange Rates Reflect Market Stability Throughout the Day

Current Middle Market Exchange Rate

For information purposes only.