2024-05-17 Cabo Verde Escudo News
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2024-05-16
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Analysis of the Exchange Rate Data
By analyzing the given dataset, several observations can be made. These observations can be categorized to address the provided goals.
Understanding the Overall Trend of Exchange Rates
Upon reading the dataset, a slight upward trend can be identified in the exchange rates from the start to the end of the period under consideration. The rate begins at 0.01344 and gradually ends with a value of 0.01342. However, the increase is not linear, and there are fluctuations in the rate throughout the period, which signifies that the trend of exchange rates slightly decreases.
Identifying Seasonality or Recurring Patterns
No clear repetitive pattern or seasonality is evident from the data provided. Changes in exchange rates don't appear to be linked with a specific time of the day or interval. More granulated data over an extended period might highlight such patterns, but they can't be discerned from this dataset.
Noting Outliers
No numerous or significant outliers can be identified in this dataset. The exchange rate fluctuates within a small range of 0.01337 to 0.01347. A few points of noticeable deviation can be seen, for example, as the rate seems to slightly increase at about 2024-05-16 20:05:03, but overall, these deviations are still within the general range. Therefore, there doesn't appear to be any significant outliers in this data that are worth notable mention.
In conclusion, while the exchange rate does exhibit daily volatility, there's a slight negative trend in the rates but no clear repetitive pattern. Similarly, no major outliers exist that deviate significantly from the general trend. Please remember that this analysis is based solely on the given data, and does not take into account any external factors or events that may have impacted the exchange rates.
![Noteworthy Stability in CVE Exchange Rates Witnessed Over 24 Hours](http://currencymart.net/images/news/cabo-verde-escudo/2024-05-17/img-Pg4rXEv6NmLQlUGFcsyowZWZ.webp)