2024-04-16 Cabo Verde Escudo News
2024-04-15
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
Overall Trend of the Exchange Rates
From a preliminary view of the dataset provided, it appears that the exchange rates (CVE) have remained relatively stable over the period shown. The rates hover around a value of approximately 0.01329, with slight fluctuations above and below this central value. It is worth noting that although these fluctuations are minor, they can translate to significant amounts when dealing with large sums of money or over an extended period of time.
Seasonality or Recurring Patterns
The dataset does not exhibit clear signs of seasonality or recurring patterns within the period of time provided. Instead, the data appears to be sporadic and non-periodic. The persistent value around 0.01329 CVE and the absence of consistent, recurring fluctuations suggest that there are possibly other factors external to this data that could be influencing any changes. These may include market conditions, economic announcements or other unforeseen circumstances.
Outliers in the Exchange Rates
In this dataset, there does not appear to be any significant outliers or instances where the exchange rate differs substantially from its average value. The rate changes exclusively between 0.01323 and 0.01330 CVE, as per the dataset provided. This lack of outliers suggests that the exchange rate is quite stable with no sudden spikes or drops.
Conclusion
In summary, the dataset shows a stable pattern of exchange rates with no significant outliers or noticeable patterns of seasonality. While more in-depth statistical analyses may reveal subtle trends or cycles that aren't immediately apparent, the generally stable exchange rates suggest a steady and consistent market within the timeframe provided. Please note that further analysis would be required to fully understand the inherent complex interactions and factors influencing these exchange rates.