2024-05-14 Cabo Verde Escudo News
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2024-05-13
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
Dataset Overview and Data Cleaning
The dataset provided is a time-series data which marks the change in CVE exchange rates at various timestamps. Before analysing the data, it is important to ensure the data has been properly cleaned and formatted. This would include tasks like removing any null or duplicate values, converting the timestamp from string format to datetime format (if needed) and so on. For this analysis, I have assumed that all data cleaning tasks have been properly carried out.
Overall Exchange Rate Trend
Based on the dataset provided, the CVE exchange rates have shown slight fluctuations over the course of time. While it initially remains consistent at 0.01336, it experiences a minor increase to 0.01337 and 0.01338 at certain points of time, eventually hitting a peak value of 0.01339. However, it soon returns to previous levels of 0.01338, with brief moments of decrease to 0.01337 and then 0.01336. Of note is a more significant decrease to 0.01327 at one point, but this swiftly returns to its common figures. Therefore, the overarching trend cannot be clearly classified as increasing, decreasing or remaining stable, as it does all three at different points, with the majority of the time spent stable and fluctuations appearing minor.
Seasonality and Recurring Patterns
Regarding seasonality or recurring patterns, there does not appear to be a clear pattern based purely on this dataset. Exchange rates tend to remain stable for a series of timestamps, then change slightly. It does not clearly show a daily or weekly trend. Further analysis may be needed with larger datasets covering longer time periods to determine if there are monthly or yearly trends.
Note on Outliers
In terms of outliers, the most obvious one is the decrease to 0.01327 while the exchange rate is consistently at a higher figure before and after this decrease. Most of the remaining exchange rate figures share similar values, with few significant jumps or falls.
Please note that this analysis is based only on the data provided and does not consider external factors, which could potentially cause more dramatic changes in the exchange rates. An in-depth analysis, considering factors such as market trends, opening/closing hours, weekends/holidays, and the release of key financial news and reports, might provide greater context and contribute to a more detailed conclusion.
![Surprising Stability in Exchange Rates Maintained Over 24 Hours](http://currencymart.net/images/news/cabo-verde-escudo/2024-05-14/img-9aQhlgZmSdJvVVa897Byft0N.webp)