2024-05-13 Cabo Verde Escudo News

Summary of Last Week

  • Opening:
  • Closing:
  • Difference of Opening & Closing:
  • Daily High:
  • Daily Low:
  • Difference of Daily High & Low:

Statistical Measures

  • Mean:
  • Standard Deviation:

Trend

Analysis

The dataset provides a time series data about changes in the exchange rate (CVE) over time. Let's analyze the data based on the provided goals:

1. Understanding the Overall Trend of The Exchange Rates

By analyzing the given timestamped data for the CVE exchange rate, there does not appear to be a consistent and clear upward or downward trend. The exchange rate seems to fluctuate within a narrow range, suggesting a sense of relative stability. However, we could have seen multiple minor fluctuations within this overall stableness, where there are instances of both increases and decreases.

2. Identifying any Seasonality or Recurring Patterns

Upon analyzing the dataset, it's not immediately apparent if there exists any defined seasonality or recurring pattern due to the frequency and granularity of fluctuations in the exchange rate. It's important to note here that further statistical analysis like decomposition of the data in trend, seasonality, and residuals would provide a more clear-cut view on this matter.

3. Outliers Identification

Observing the data, one noticeable outlier can be seen on 2024-05-07 10:00:03, where the exchange rate dropped significantly to 0.0123. Other than this point, most exchange rates hover around the 0.013 level. More advanced statistical techniques such as standard deviations or quartiles could provide us a broader picture of the outliers.

While not needed for this request, for a superior understanding of the time series pattern and potential predictions, considering external factors such as market opening/closing hours, weekends/holidays, or financial news releases could enhance the analysis and forecasting precision.

cally Subtle Fluctuations The Currency Exchange (CVE) has seen an unusual pattern of minimal variations over the past month. This has indicated the currency''s unwavering stability amidst the fluctuating global financial market, creating a buzz among investors and analysts alike. Following a month-long study, the fluctuations highlight a persistent surge, indicative of achieved robustness and assurance by the financial sector in managing the CVE. The timeframe, stretching between April 12, 2024 and May 10, 2024, mirrors this distinguishing consistency in the CVE exchange rate. The unyielding continuity of the CVE started on April 12, 2024, with the rate standing at 0.01335. While there were nominal shifts in the rate, the graph predominantly showcased a subtle upward trend. This pattern, primarily consistent, underlined the certitude that the CVE has brought to the market. Here''s why this event is noteworthy. Such stability, often unheard of in the financial sector, underscores the significant economic measures being put into action. The controlled, thriving exchange rate, in a world where currencies continually fluctuate, indicates the competency of fiscal management and underlines how careful, considered actions can lead to consistent outcomes. The CVE''s stability amidst the global market''s volatility underscores the economy''s resilience and the strength of investment strategies. This trend is also an essential indicator for investors and analysts. The predictability associated with the CVE opens up a wide array of stable investment opportunities. It acts as a safety net for foreign investors looking for balanced growth, thereby propelling influx of foreign funds, further solidifying the nation’s economic undertakings. Moreover, such stability not only supports investment outcomes but also bolsters economic growth. It implies a functioning, efficient economy with reliable monetary policies, healthy inflation rates, and solid growth rates. Analysts speculate that the economic strategies implemented are effectively controlling inflation and managing the balance of trade. Additionally, this stability signifies strong economic indicators, such as low unemployment rates and increasing GDP, thus reflecting confidence in future economic development. Beyond the financial sector, a stable exchange rate affects other sectors of the economy as well. It affects inflation, interest rates, public and private sector investment, and even trade balances. Looking ahead, this stability in the CVE makes for a promising future. Continuation of this trend may well signify a stable and healthy economy. Moving forward, investors and analysts should keep a close eye on data trends related to inflation, GDP, unemployment rates, and announcements from the financial sector to remain informed of any changes that might suggest a shift in the enduring stability of the CVE. In conclusion, the calming CVE exchange rate paint a picture of an economy on an upward trajectory under astute financial management. The trend epitomizes a beacon of stability in the chaotic storm of global finance. Persistent Surge in CVE Exchange Rate Witnesses Historically Subtle Fluctuations

Current Middle Market Exchange Rate

For information purposes only.