2024-04-19 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 Analysis

Looking at the dataset, it is noted that the exchange rates remained relatively stable throughout the period, ranging from 0.01329 to 0.01348. The data shows minor fluctuations but no significant increase or decrease. It started at 0.01331 and went down to 0.0133, then gradually went up, reaching the highest value of 0.01348 around 2024-04-18 12:25:03. The rates reached the lowest value of 0.01324 around 2024-04-18 14:40:02. Later, the exchange rates elevated and bounced between these two values.

Seasonality and Recurring Patterns

As for seasonality or recurring patterns, it's challenging to identify a pattern due to the stability of the exchange rates and lack of a distinct rise or fall within the given timeframe. There are fluctuations observed within a narrow range, but overall, the exchange rate appears to fluctuate symmetrically around a generally constant mean. No specific time-based patterns (daily, weekly, etc.) can be discerned from the dataset without more extensive time or pattern analysis.

Outliers Identification

In this dataset, no extreme values can be identified, suggesting the absence of outliers, which is consistent with the generally stable trend of the exchange rates. All values fall within a closely bounded range, and no individual readings indicate a rate that differs significantly from surrounding entries. This stability may indicate a low-volatility period for this currency pair or a balanced supply and demand in the market during this period.

Conclusions

  • The overall exchange rate does not show a significant increase or decrease trend but fluctuates within a relatively narrow range.
  • No clear seasonal or recurring pattern can be identified from this dataset due to the nature of the data being relatively constant.
  • There are no identified outliers in this dataset, indicating that the rate changes were almost entirely within expectations.
y Sudden Spike The CVE exchange market experienced an unusually steady performance with a sudden unexpected rate surge midway through Q2 2024. For weeks, the CVE exchange rates remained largely unchanging, defying market expectations. This unequaled stability ran from the beginning of April 18, 2024, up until around 10:30, when investors began noting minute dips in the market. However, these remained within the established norm, still suggesting a steadfast healthy market at 0.0133 rate. Perhaps the most significant attention-grabbing event occurred later in the day, around 10:35, when CVE rates saw a sudden increase, jumping to 0.01345. This unexpected spike perpetuated market activity and held its strengthened position throughout the day, peaking at 0.01347 by midday. This abrupt fluctuation posed an interesting contrast to the market''s solid performance in the preceding and succeeding hours, as it once again held onto a narrow range in the early hours of the evening. However, by late evening, a noticeable slow decline in rates emerged, closing the day at 0.01329 – a lower rate than the day''s opening. Such an unprecedented stable performance in the exchange rates, capped off with an unanticipated spike, has left many investors and market analysts speculating on the underlying causes and future implications. Initially, the stable market was a positive sign for traders looking for minimal volatility and risk, But the sudden surge later in the day suggested that other factors might be coming into play. Several economists have attributed this exceptional market activity to various global and local economic factors. Some speculate that the sudden rate surge might be an indicator of increased investor confidence or external investment influx, while the slow decline in the evening might suggest a cautious approach from investors and traders alike. Looking into the future, the question remains whether such a pattern will continue in the CVE market. Will we see further periods of extraordinary stability followed by sudden spikes, or was this instance an anomaly in an otherwise volatile market? These questions are likely to be at the forefront of investors'' decisions, and as we move forward into the second quarter, analysts will be watching the CVE market closely. Any future developments in this sector should consider this unusual day''s pattern. However, what remains clear is the unpredictability of the market - further exemplifying that, in the world of finance, anything is possible in the blink of an eye.Unprecedented Stability in CVE Exchange Rates Eclipsed by Sudden Spike

Current Middle Market Exchange Rate

For information purposes only.