2024-05-10 Cabo Verde Escudo News
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2024-05-09
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Comprehensive Analysis of The Dataset
The provided dataset appears to represent timestamped records of the USD/CVE exchange rates for a single day on May 9, 2024. The data points are taken at 5-minute intervals across a 24-hour period. Notably, the exchange rate remains constant for certain prolonged periods, then exhibits slight changes.
1. Overall Trend of the Exchange Rates
The overall trend of the exchange rates appears to be fairly stable, with minor fluctuations. We start with a rate of 0.01337 at the beginning of the day. This remains constant for a while, and then at around 01:00, the exchange rate increases slightly to 0.01338. This new figure remains constant for several hours. Just over halfway through the day, at around 06:25, the exchange rate decreases to 0.01336, decreases again to 0.01335 at 07:35 and then slowly decreases to a minimum of 0.01327 by around 14:00. Remarkably, the exchange rate remains at this level for almost seven hours before increasing slightly to 0.01337 at around 20:40 and then increases again to 0.01338 thereafter and remains at that level until the end of the day.
2. Seasonality and Recurring Patterns
Given that the data provided only relates to a single day, it's challenging to definitively identify patterns of seasonality or recurring instances. However, the exchange rate seems to change slightly during different parts of the day. A slight increase in the rate is observed around the early hours, with a decrease around late morning, and a further decrease around mid-afternoon. This is followed by an increase near the night. Whether this pattern holds for other days or is unique to this day is unknown without further data.
3. Outliers
All the exchange rates are close together, ranging from 0.01327 to 0.01338. Because of the small variance and slow changes in the rates, no significant outliers can be noted within this dataset.
Ultimately, understanding the specific factors and reasons behind the minimal shifts in rates could provide further insight, and would require an examination of external conditions and their potential effects on the market, which has been excluded in this analysis as per your instruction.
![Stability Witnessed in Exchange Rates as Market Maintains Status Quo](http://currencymart.net/images/news/cabo-verde-escudo/2024-05-10/img-dkHzHg3G7KSyHSHQdMD9tT7u.webp)