2024-04-17 Cabo Verde Escudo News

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Follow Cabo Verde Escudo Forecast April 17, 2024
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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:

The data provided represents exchange rate values in periodic intervals across a period of a single day. By examining the data, we can observe a slight upward trend during the start, where the exchange rate increases to a peak but records relatively stable values towards the end of the data.

It's important to note that the changes are very minimal, indicating that the rates were generally stable throughout the day. The highest recorded value was approximately 0.01352, and the lowest was around 0.01328, showcasing a minimal varietal difference. However, the overall trend could be possibly construed as a mild increase trending towards stability.

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

Regarding seasonality or cyclic patterns, given that the data spans only over a period of a single day, it is generally challenging to derive long-term seasonal trends. However, a recurring pattern noted was that the exchange rate would mostly remain stable for a phase, followed by a slight increase or decrease, and then stabilize again.

3. Outliers or instances where the exchange rate differs significantly:

In this given dataset, an 'outlier' is judged groundingly on the overall spread of the dataset. As the changes in exchange rates across the timestamps are very slight, it is challenging to distinctly mark out specific outliers from this data. However, a notable instance would perhaps be the dip to 0.01328, deviating from the general level of stability or increasing trend during the early parts of the dataset.

But then again, it's crucial to note that exchange rates are influenced by a myriad of factors and classifying these deviations as 'outliers' would require a more robust analysis considering more variables. As such, in the microcosm of this dataset, these deviations are fairly regular.

This analysis serves to provide an overall understanding of the exchange rate fluctuations at different timestamps. Nevertheless, for a more comprehensive analysis, considering other external factors like market opening/closing hours, weekends/holidays, or key financial news and reports might provide a clearer picture of the exchange rate dynamics.

ates Over 24 Hours From the early hours of April 16th, 2024, the CVE exchange rates have showcased a small, yet consistent fluctuation. It''s an intriguing development regarding a generally stable currency - an observation that holds potential importance for traders and investors alike. The day started with the exchange rates lingering around the 0.01328-0.01330 range, with negligible changes across the board. A seemingly mundane pattern continued for the subsequent hours until there was a slight increase around 01:35, where the exchange rate hit 0.01330. This fluctuated movement continued until midday, maintaining somewhat of an oscillation between the 0.01328 and 0.01330 mark. This minuscule variation had, by no means, any significant effect on the market. The seeming repetitiveness of the rates was interrupted in the late morning hours around 11:00, when the rates saw an unexpected but not so significant leap, reaching 0.01352. This proved to be the highest value of the day, and this pattern was maintained for most of the day''s remainder. Such behavior is not peculiar to the foreign exchange market whatsoever, where even the slightest changes can be of great interest to forex traders. Though the changes observed yesterday weren''t drastic, they might still have provided opportunities for quick-profit-seeking day traders. The surge of 0.01352 continued on until the evening, around 20:05, when the rates slightly dipped to 0.01332. This slight drop could be an indication of minor market adjustments or a reaction to economic updates. Nonetheless, the magnitude of this shift was still not significant enough to cause any considerable market upheaval. Looking ahead, traders and investors need to keep a close eye on the CVE exchange rates. Even though fluctuations of this level do not typically steer sizable trading decisions, visibility into such patterns can inform future strategies. While the rates had largely remained consistent throughout the day, this analysis underscores the importance of continuous monitoring of the foreign exchange market. Even minuscule dips or surges can provide essential cues for avid market-players who rely on delicate balance changes to make profits. The CVE exchange rate''s conditions set forth on April 16th, 2024, represent a quintessentially mundane manifestation of market activity. Yet, within the simplicity lies the complexity of foreign exchange - minute changes that echo in the vast corridors of global finance. This leaves traders and investors to contemplate - in a market as volatile as forex, is any movement too small to track? In the end, time and trends will tell.Minor but Stable Fluctuations Observed in CVE Exchange Rates Over 24 Hours

Current Middle Market Exchange Rate

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