2024-05-17 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

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.

r 24 Hours A conspicuous trend of perceptive uniformity in the CVE exchange rates has been recorded over a span of 24 hours, on the 16th of May, 2024. The financial stability hinted at by the time-stamped figures brings an element of optimism for businesses and investors relying on the currency''s performance. The time series data scrutinized began at the timestamp 2024-05-16 00:00:02 and spanned to 2024-05-16 23:55:01. By inspecting the data, one can observe that the exchange rate remained hovering above the 0.01337 mark for a substantial part of the day. While slight fluctuations are always a part of such data, the marginal changes insinuate the establishment of robust financial grounding for CVE. The currency value exchange enjoyed the highest rate at 0.01347, noticed at intervals throughout the early morning hours, maintaining its peak at timestamps, 2024-05-16 05:35:02 and 2024-05-16 05:45:03 among others. Although a marginal decline could be witnessed to 0.01342 during the course of the day, the adjustment wasn''t significant enough to cause a disconcerting tremor in the exchange forecasts. Of note is the swift recovery and range-bound movement of the exchange rate, post mid-afternoon. The resilience displayed by CVE in the latter half of the day, as the rates rebounded to close at 0.01342, underscores the strength of the currency in bouncing back from the earlier slight dip. The consistent performance of CVE over 24 hours brings solace to stakeholders, indicating stability in the financial domain despite the unpredictable nature of exchange rate landscapes. The minuscule oscillations unambiguously suggest that the currency is weathering the economic scenarios well, leading towards growth. On the global front, the impact of CVE''s resilience translates into a positive summary for the investors circling currency markets with a sharp eye. Future investment prospects get painted with an additional hue of assurity, reinforcing the consideration of CVE as a potentially profitable avenue. The steadfastness of CVE signifies fiscal prowess, in turn, inspiring confidence in forex traders, multinational organizations, and stakeholders invested in CVE. However, the global currency exchange sphere is astoundingly volatile, and the future trends for CVE cannot be forecasted based on a single day''s data. It will be compelling to observe these indicators over a more extended period before drawing any trends or making any long-term financial inferences. Experts recommend adopting a watchful approach to understand CVE performance in the forthcoming days. The fluctuations, although small, should be monitored closely, and any exponential changes should be critically analyzed to apprehend the derivative impact on the global economy. As the world eagerly eyes the unfolding financial trends and stability indicators in the coming times, the data from a day like this provides a moment of reassuring steadiness in a field known for its unexpected shifts. The constant vigilance and analysis of these time series data points will undoubtedly continue to depict a more comprehensive picture of CVE''s financial journey.Noteworthy Stability in CVE Exchange Rates Witnessed Over 24 Hours

Current Middle Market Exchange Rate

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